iShares MSCI USA Quality Factor ETF $QUAL Stock Position Lifted by M1 Capital Management LLC

M1 Capital Management LLC lifted its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 7.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 46,040 shares of the company’s stock after buying an additional 3,069 shares during the period. iShares MSCI USA Quality Factor ETF makes up about 4.2% of M1 Capital Management LLC’s portfolio, making the stock its 5th largest position. M1 Capital Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $8,417,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Flow Traders U.S. LLC grew its position in shares of iShares MSCI USA Quality Factor ETF by 412.9% in the 1st quarter. Flow Traders U.S. LLC now owns 64,002 shares of the company’s stock worth $10,937,000 after buying an additional 51,524 shares during the last quarter. SlateStone Wealth LLC boosted its stake in iShares MSCI USA Quality Factor ETF by 12.4% in the 1st quarter. SlateStone Wealth LLC now owns 157,313 shares of the company’s stock worth $26,883,000 after purchasing an additional 17,337 shares in the last quarter. Delap Wealth Advisory LLC acquired a new stake in iShares MSCI USA Quality Factor ETF in the 1st quarter worth approximately $385,000. Elevate Wealth Advisory Inc. boosted its stake in iShares MSCI USA Quality Factor ETF by 4.1% in the 1st quarter. Elevate Wealth Advisory Inc. now owns 2,928 shares of the company’s stock worth $500,000 after purchasing an additional 115 shares in the last quarter. Finally, Partners Capital Investment Group LLP boosted its stake in iShares MSCI USA Quality Factor ETF by 284.3% in the 1st quarter. Partners Capital Investment Group LLP now owns 101,407 shares of the company’s stock worth $17,329,000 after purchasing an additional 75,022 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Stock Up 10.7%

QUAL stock opened at $195.62 on Friday. The firm has a 50 day moving average of $190.16 and a 200 day moving average of $180.30. The stock has a market capitalization of $56.72 billion, a PE ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 52 week low of $148.34 and a 52 week high of $187.26.

About iShares MSCI USA Quality Factor ETF

The iShares MSCI USA Quality Factor ETF (QUAL) is an exchange-traded fund that is based on the MSCI USA Sector Neutral Quality index. The fund tracks an index of US large- and mid-cap stocks, selected and weighted by high ROE, stable earnings growth and low debt\u002Fequity, relative to peers in each sector.