Bestgate Wealth Advisors LLC Takes $2.16 Million Position in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Bestgate Wealth Advisors LLC purchased a new position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,142 shares of the company’s stock, valued at approximately $2,162,000. iShares MSCI USA Quality Factor ETF makes up about 4.3% of Bestgate Wealth Advisors LLC’s investment portfolio, making the stock its 6th biggest holding.

Several other institutional investors have also added to or reduced their stakes in QUAL. VSM Wealth Advisory LLC bought a new stake in iShares MSCI USA Quality Factor ETF in the 4th quarter valued at about $102,000. Brooklyn FI LLC bought a new position in iShares MSCI USA Quality Factor ETF during the fourth quarter worth $466,000. Evoke Wealth LLC lifted its stake in shares of iShares MSCI USA Quality Factor ETF by 31.7% in the fourth quarter. Evoke Wealth LLC now owns 2,514 shares of the company’s stock valued at $448,000 after buying an additional 605 shares in the last quarter. SSI Investment Management LLC lifted its position in shares of iShares MSCI USA Quality Factor ETF by 3.9% during the fourth quarter. SSI Investment Management LLC now owns 25,393 shares of the company’s stock valued at $4,522,000 after purchasing an additional 953 shares in the last quarter. Finally, Custos Family Office LLC increased its holdings in iShares MSCI USA Quality Factor ETF by 4.7% during the fourth quarter. Custos Family Office LLC now owns 64,928 shares of the company’s stock worth $11,562,000 after buying an additional 2,927 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Down 3.3 %

QUAL opened at $170.86 on Wednesday. The company has a market capitalization of $48.50 billion, a price-to-earnings ratio of 26.45 and a beta of 1.04. The firm has a 50-day moving average price of $180.37 and a 200-day moving average price of $180.36. iShares MSCI USA Quality Factor ETF has a twelve month low of $154.17 and a twelve month 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.