iShares MSCI USA Quality Factor ETF $QUAL Position Lifted by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC grew its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 1.2% during the second quarter, Holdings Channel.com reports. The fund owned 465,970 shares of the company’s stock after purchasing an additional 5,317 shares during the quarter. iShares MSCI USA Quality Factor ETF makes up 3.8% of Sax Wealth Advisors LLC’s investment portfolio, making the stock its 4th biggest position. Sax Wealth Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $102,248,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Advocate Investing Services LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter valued at approximately $25,000. Resources Management Corp CT ADV purchased a new position in iShares MSCI USA Quality Factor ETF during the 4th quarter worth $27,000. Financial Life Planners bought a new stake in iShares MSCI USA Quality Factor ETF during the 1st quarter valued at $28,000. Ares Financial Consulting LLC bought a new stake in iShares MSCI USA Quality Factor ETF during the 4th quarter valued at $30,000. Finally, Cornerstone Financial Management LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF in the 4th quarter worth $30,000.

iShares MSCI USA Quality Factor ETF Trading Up 0.3%

Shares of QUAL stock opened at $225.69 on Friday. iShares MSCI USA Quality Factor ETF has a twelve month low of $184.60 and a twelve month high of $227.16. The stock has a fifty day simple moving average of $217.61 and a two-hundred day simple moving average of $208.08. The stock has a market capitalization of $65.44 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05.

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.