iShares MSCI USA Quality Factor ETF (BATS:QUAL) Stock Position Raised by Summit Financial LLC

Summit Financial LLC increased its holdings in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 222.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,963 shares of the company’s stock after acquiring an additional 13,074 shares during the quarter. Summit Financial LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $3,377,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Bank of Montreal Can grew its position in iShares MSCI USA Quality Factor ETF by 20.5% in the 3rd quarter. Bank of Montreal Can now owns 24,777 shares of the company’s stock worth $4,427,000 after purchasing an additional 4,215 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of iShares MSCI USA Quality Factor ETF during the third quarter worth approximately $2,367,000. Benjamin Edwards Inc. bought a new position in iShares MSCI USA Quality Factor ETF in the 3rd quarter worth approximately $2,666,000. Beck Capital Management LLC increased its position in iShares MSCI USA Quality Factor ETF by 1.7% in the 3rd quarter. Beck Capital Management LLC now owns 4,779 shares of the company’s stock valued at $857,000 after acquiring an additional 81 shares during the period. Finally, Ascent Group LLC raised its stake in iShares MSCI USA Quality Factor ETF by 3.3% during the 3rd quarter. Ascent Group LLC now owns 87,520 shares of the company’s stock valued at $15,692,000 after acquiring an additional 2,781 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

BATS:QUAL opened at $171.12 on Tuesday. The stock has a market cap of $48.57 billion, a price-to-earnings ratio of 26.45 and a beta of 1.04. iShares MSCI USA Quality Factor ETF has a 1 year low of $154.17 and a 1 year high of $187.26. The business has a fifty day moving average of $179.28 and a 200-day moving average of $180.27.

iShares MSCI USA Quality Factor ETF 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.