Evolution Wealth Management Inc. Buys Shares of 5,298 iShares MSCI USA Quality Factor ETF $QUAL

Evolution Wealth Management Inc. purchased a new stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,298 shares of the company’s stock, valued at approximately $969,000. iShares MSCI USA Quality Factor ETF comprises about 1.2% of Evolution Wealth Management Inc.’s holdings, making the stock its 16th largest holding.

Several other large investors also recently added to or reduced their stakes in QUAL. Total Investment Management Inc. purchased a new stake in iShares MSCI USA Quality Factor ETF during the second quarter valued at about $42,000. Centaurus Financial Inc. raised its position in shares of iShares MSCI USA Quality Factor ETF by 9.6% in the second quarter. Centaurus Financial Inc. now owns 128,651 shares of the company’s stock valued at $23,520,000 after purchasing an additional 11,244 shares during the period. Stark Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF during the 2nd quarter valued at approximately $9,393,000. Midwestern Financial LLC IA bought a new position in iShares MSCI USA Quality Factor ETF in the 2nd quarter worth approximately $2,045,000. Finally, Barnes Wealth Management Group Inc grew its stake in iShares MSCI USA Quality Factor ETF by 6.9% in the 2nd quarter. Barnes Wealth Management Group Inc now owns 35,496 shares of the company’s stock valued at $6,489,000 after buying an additional 2,293 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of QUAL stock opened at $199.47 on Friday. The stock has a market capitalization of $57.84 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. The company’s fifty day simple moving average is $195.81 and its two-hundred day simple moving average is $189.19. iShares MSCI USA Quality Factor ETF has a 1 year low of $148.34 and a 1 year high of $187.26.

iShares MSCI USA Quality Factor ETF Profile

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.