7,739 Shares in iShares MSCI USA Quality Factor ETF $QUAL Bought by Fortune Financial Group Inc.

Fortune Financial Group Inc. acquired a new position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 7,739 shares of the company’s stock, valued at approximately $2,653,000. iShares MSCI USA Quality Factor ETF accounts for approximately 2.1% of Fortune Financial Group Inc.’s investment portfolio, making the stock its 12th biggest position.

Several other institutional investors have also recently added to or reduced their stakes in QUAL. Abound Wealth Management grew its position in shares of iShares MSCI USA Quality Factor ETF by 172.9% during the 2nd quarter. Abound Wealth Management now owns 1,086 shares of the company’s stock valued at $238,000 after buying an additional 688 shares during the last quarter. Sage Capital Advisors llc acquired a new stake in iShares MSCI USA Quality Factor ETF during the second quarter worth about $213,000. Sherman Wealth Management LLC lifted its holdings in iShares MSCI USA Quality Factor ETF by 0.3% in the second quarter. Sherman Wealth Management LLC now owns 20,726 shares of the company’s stock worth $4,548,000 after acquiring an additional 53 shares during the last quarter. Fulton Bank N.A. boosted its stake in iShares MSCI USA Quality Factor ETF by 72.5% in the second quarter. Fulton Bank N.A. now owns 8,235 shares of the company’s stock valued at $1,807,000 after acquiring an additional 3,462 shares during the period. Finally, Wealthcare Advisory Partners LLC boosted its stake in iShares MSCI USA Quality Factor ETF by 2.9% in the second quarter. Wealthcare Advisory Partners LLC now owns 53,676 shares of the company’s stock valued at $11,778,000 after acquiring an additional 1,503 shares during the period.

iShares MSCI USA Quality Factor ETF Trading Up 0.8%

Shares of iShares MSCI USA Quality Factor ETF stock opened at $227.18 on Friday. The stock has a market capitalization of $65.87 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a twelve month low of $185.88 and a twelve month high of $227.32. The business’s 50 day simple moving average is $218.38 and its 200-day simple moving average is $208.80.

iShares MSCI USA Quality Factor ETF Company 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.