Pinnacle Wealth Management Group Inc. Has $318,000 Stock Position in iShares MSCI USA Quality Factor ETF $QUAL

Pinnacle Wealth Management Group Inc. reduced its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 13.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,737 shares of the company’s stock after selling 259 shares during the period. Pinnacle Wealth Management Group Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $318,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Keener Financial Planning LLC purchased a new position in iShares MSCI USA Quality Factor ETF in the second quarter valued at about $29,000. Cullen Frost Bankers Inc. lifted its holdings in shares of iShares MSCI USA Quality Factor ETF by 84.2% during the 1st quarter. Cullen Frost Bankers Inc. now owns 175 shares of the company’s stock valued at $30,000 after buying an additional 80 shares during the last quarter. CX Institutional grew its stake in shares of iShares MSCI USA Quality Factor ETF by 151.9% in the 2nd quarter. CX Institutional now owns 204 shares of the company’s stock valued at $37,000 after buying an additional 123 shares in the last quarter. Legacy Wealth Managment LLC ID acquired a new position in iShares MSCI USA Quality Factor ETF in the first quarter worth approximately $37,000. Finally, BankPlus Trust Department raised its position in iShares MSCI USA Quality Factor ETF by 58.4% during the first quarter. BankPlus Trust Department now owns 244 shares of the company’s stock valued at $42,000 after acquiring an additional 90 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Stock Up 11.5%

QUAL stock opened at $196.89 on Friday. The company has a market capitalization of $57.09 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 12 month low of $148.34 and a 12 month high of $187.26. The firm has a 50 day moving average of $191.99 and a two-hundred day moving average of $182.43.

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.