Modern Wealth Management LLC Acquires 21,090 Shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Modern Wealth Management LLC raised its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 12.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 188,799 shares of the company’s stock after acquiring an additional 21,090 shares during the quarter. iShares MSCI USA Quality Factor ETF makes up 1.2% of Modern Wealth Management LLC’s holdings, making the stock its 18th largest holding. Modern Wealth Management LLC owned about 0.07% of iShares MSCI USA Quality Factor ETF worth $34,785,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Life Planners bought a new position in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter worth about $25,000. BankPlus Trust Department purchased a new stake in iShares MSCI USA Quality Factor ETF in the 4th quarter valued at about $27,000. Rialto Wealth Management LLC bought a new position in iShares MSCI USA Quality Factor ETF in the 4th quarter worth about $32,000. CoreFirst Bank & Trust purchased a new position in shares of iShares MSCI USA Quality Factor ETF during the fourth quarter worth approximately $32,000. Finally, Whittier Trust Co. raised its stake in shares of iShares MSCI USA Quality Factor ETF by 63.1% during the fourth quarter. Whittier Trust Co. now owns 212 shares of the company’s stock valued at $38,000 after acquiring an additional 82 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of BATS QUAL opened at $174.73 on Tuesday. The stock has a 50 day moving average price of $179.92 and a 200 day moving average price of $180.30. The firm has a market capitalization of $49.60 billion, a price-to-earnings ratio of 26.45 and a beta of 1.04. iShares MSCI USA Quality Factor ETF has a 52-week low of $154.17 and a 52-week high of $187.26.

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.