Midwest Capital Advisors LLC Invests $15.12 Million in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Midwest Capital Advisors LLC bought a new position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 84,894 shares of the company’s stock, valued at approximately $15,118,000. iShares MSCI USA Quality Factor ETF makes up about 11.1% of Midwest Capital Advisors LLC’s investment portfolio, making the stock its 2nd largest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Cherry Tree Wealth Management LLC increased its position in shares of iShares MSCI USA Quality Factor ETF by 5.7% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 3,757 shares of the company’s stock worth $669,000 after purchasing an additional 203 shares in the last quarter. Black Diamond Financial LLC increased its position in iShares MSCI USA Quality Factor ETF by 13.8% in the 4th quarter. Black Diamond Financial LLC now owns 1,460 shares of the company’s stock valued at $260,000 after acquiring an additional 177 shares during the period. BCGM Wealth Management LLC increased its position in iShares MSCI USA Quality Factor ETF by 4.2% in the 4th quarter. BCGM Wealth Management LLC now owns 81,155 shares of the company’s stock valued at $14,452,000 after acquiring an additional 3,288 shares during the period. Union Bancaire Privee UBP SA acquired a new position in iShares MSCI USA Quality Factor ETF in the 4th quarter valued at about $1,630,000. Finally, World Equity Group Inc. increased its position in iShares MSCI USA Quality Factor ETF by 62.9% in the 4th quarter. World Equity Group Inc. now owns 6,124 shares of the company’s stock valued at $1,091,000 after acquiring an additional 2,365 shares during the period.

iShares MSCI USA Quality Factor ETF Stock Up 3.4 %

Shares of QUAL stock opened at $182.67 on Monday. The stock has a market capitalization of $48.21 billion, a PE ratio of 23.03 and a beta of 1.03. iShares MSCI USA Quality Factor ETF has a 52-week low of $71.96 and a 52-week high of $88.63. The stock’s 50-day moving average price is $181.78 and its 200 day moving average price is $180.14.

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.