Northwestern Mutual Wealth Management Co. Increases Stake in iShares MSCI USA Quality Factor ETF $QUAL

Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 2.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,418,092 shares of the company’s stock after buying an additional 47,699 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.83% of iShares MSCI USA Quality Factor ETF worth $442,076,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Keener Financial Planning LLC purchased a new stake in iShares MSCI USA Quality Factor ETF in the 2nd quarter worth $29,000. Legacy Wealth Managment LLC ID purchased a new stake in shares of iShares MSCI USA Quality Factor ETF in the first quarter worth about $37,000. CX Institutional boosted its stake in iShares MSCI USA Quality Factor ETF by 151.9% during the second quarter. CX Institutional now owns 204 shares of the company’s stock valued at $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 second quarter valued at approximately $40,000. Finally, Cheviot Value Management LLC purchased a new position in iShares MSCI USA Quality Factor ETF during the 1st quarter valued at approximately $43,000.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of QUAL opened at $197.47 on Friday. The stock has a market capitalization of $57.26 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 1 year low of $148.34 and a 1 year high of $187.26. The business’s 50 day simple moving average is $194.68 and its 200-day simple moving average is $187.42.

About iShares MSCI USA Quality Factor ETF

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.