Tcfg Wealth Management LLC Grows Position in iShares MSCI USA Quality Factor ETF $QUAL

Tcfg Wealth Management LLC increased its holdings in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 21.4% in the second quarter, Holdings Channel reports. The firm owned 2,675 shares of the company’s stock after buying an additional 471 shares during the period. Tcfg Wealth Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $489,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Cullen Frost Bankers Inc. increased its position in shares of iShares MSCI USA Quality Factor ETF by 84.2% during the first quarter. Cullen Frost Bankers Inc. now owns 175 shares of the company’s stock valued at $30,000 after acquiring an additional 80 shares during the last quarter. Legacy Wealth Managment LLC ID purchased a new position in shares of iShares MSCI USA Quality Factor ETF during the 1st quarter worth approximately $37,000. CX Institutional increased its holdings in 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 purchasing an additional 123 shares during the last quarter. BankPlus Trust Department increased its holdings in iShares MSCI USA Quality Factor ETF by 58.4% in the 1st quarter. BankPlus Trust Department now owns 244 shares of the company’s stock valued at $42,000 after purchasing an additional 90 shares during the last quarter. Finally, First Command Advisory Services Inc. purchased a new stake in iShares MSCI USA Quality Factor ETF in the first quarter valued at approximately $43,000.

iShares MSCI USA Quality Factor ETF Stock Up 11.5%

BATS:QUAL opened at $196.89 on Tuesday. iShares MSCI USA Quality Factor ETF has a 52 week low of $148.34 and a 52 week high of $187.26. The stock’s fifty day moving average is $189.51 and its two-hundred day moving average is $179.86. The stock has a market capitalization of $57.09 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05.

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.