Hobbs Wealth Management LLC Buys 9,674 Shares of iShares MSCI USA Quality Factor ETF $QUAL

Hobbs Wealth Management LLC increased its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 19.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 59,811 shares of the company’s stock after buying an additional 9,674 shares during the quarter. iShares MSCI USA Quality Factor ETF comprises 10.4% of Hobbs Wealth Management LLC’s portfolio, making the stock its 2nd largest position. Hobbs Wealth Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $10,935,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Keener Financial Planning LLC acquired a new position in shares of iShares MSCI USA Quality Factor ETF during the second quarter worth $29,000. Legacy Wealth Managment LLC ID acquired a new position in shares of iShares MSCI USA Quality Factor ETF in the 1st quarter valued at approximately $37,000. CX Institutional increased its stake in shares of iShares MSCI USA Quality Factor ETF by 151.9% in the second quarter. CX Institutional now owns 204 shares of the company’s stock worth $37,000 after buying an additional 123 shares during the last quarter. Legacy Investment Solutions LLC bought a new position in iShares MSCI USA Quality Factor ETF during the 2nd quarter valued at $40,000. Finally, Cheviot Value Management LLC acquired a new stake in shares of iShares MSCI USA Quality Factor ETF in the 1st quarter valued at about $43,000.

iShares MSCI USA Quality Factor ETF Stock Up 11.8%

BATS:QUAL opened at $197.47 on Thursday. The business’s 50 day moving average is $194.57 and its two-hundred day moving average is $187.35. iShares MSCI USA Quality Factor ETF has a 52 week low of $148.34 and a 52 week high of $187.26. The company has a market cap of $57.26 billion, a PE ratio of 25.59 and a beta of 1.05.

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.