Sax Wealth Advisors LLC Has $85.66 Million Stake in iShares MSCI USA Quality Factor ETF $QUAL

Sax Wealth Advisors LLC lowered its holdings in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 3.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 440,423 shares of the company’s stock after selling 14,281 shares during the period. iShares MSCI USA Quality Factor ETF makes up about 4.6% of Sax Wealth Advisors LLC’s holdings, making the stock its 4th biggest position. Sax Wealth Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $85,662,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Keener Financial Planning LLC acquired a new position in shares of iShares MSCI USA Quality Factor ETF during the 2nd quarter valued at $29,000. CoreFirst Bank & Trust bought a new position in iShares MSCI USA Quality Factor ETF in the second quarter worth approximately $33,000. CX Institutional grew its stake in iShares MSCI USA Quality Factor ETF by 151.9% in the second quarter. CX Institutional now owns 204 shares of the company’s stock valued at $37,000 after acquiring an additional 123 shares during the period. Legacy Wealth Managment LLC ID bought a new stake in shares of iShares MSCI USA Quality Factor ETF during the first quarter valued at approximately $37,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of iShares MSCI USA Quality Factor ETF during the second quarter worth approximately $40,000.

iShares MSCI USA Quality Factor ETF Trading Up 13.3%

BATS QUAL opened at $200.07 on Wednesday. The company has a market cap of $58.01 billion, a P/E ratio of 25.59 and a beta of 1.05. The company has a fifty day simple moving average of $197.04 and a 200 day simple moving average of $191.01. iShares MSCI USA Quality Factor ETF has a 12-month low of $148.34 and a 12-month 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. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.