Pinnacle Wealth Management Advisory Group LLC Purchases 5,773 Shares of iShares MSCI USA Quality Factor ETF $QUAL

Pinnacle Wealth Management Advisory Group LLC raised its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 2.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 288,906 shares of the company’s stock after buying an additional 5,773 shares during the quarter. iShares MSCI USA Quality Factor ETF comprises about 3.8% of Pinnacle Wealth Management Advisory Group LLC’s portfolio, making the stock its 3rd largest holding. Pinnacle Wealth Management Advisory Group LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $63,395,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Bank of America Corp DE grew its stake in shares of iShares MSCI USA Quality Factor ETF by 36.9% during the 1st quarter. Bank of America Corp DE now owns 8,741,641 shares of the company’s stock worth $1,676,734,000 after acquiring an additional 2,357,971 shares in the last quarter. MML Investors Services LLC lifted its position in shares of iShares MSCI USA Quality Factor ETF by 1.3% in the second quarter. MML Investors Services LLC now owns 3,454,291 shares of the company’s stock worth $631,514,000 after purchasing an additional 44,285 shares in the last quarter. Orgel Wealth Management LLC boosted its holdings in iShares MSCI USA Quality Factor ETF by 2.0% during the second quarter. Orgel Wealth Management LLC now owns 3,358,210 shares of the company’s stock worth $736,892,000 after purchasing an additional 65,534 shares during the last quarter. Facet Wealth Inc. boosted its holdings in iShares MSCI USA Quality Factor ETF by 11.3% during the second quarter. Facet Wealth Inc. now owns 3,300,180 shares of the company’s stock worth $724,159,000 after purchasing an additional 334,234 shares during the last quarter. Finally, Focus Partners Wealth grew its position in iShares MSCI USA Quality Factor ETF by 11.2% in the fourth quarter. Focus Partners Wealth now owns 2,386,956 shares of the company’s stock valued at $474,097,000 after purchasing an additional 240,881 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Trading Down 0.8%

Shares of QUAL stock opened at $220.79 on Wednesday. iShares MSCI USA Quality Factor ETF has a 1 year low of $185.88 and a 1 year high of $227.32. The firm’s fifty day moving average price is $221.26 and its two-hundred day moving average price is $211.39. The firm has a market capitalization of $64.02 billion, a P/E 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.