Sovereign Financial Group Inc. increased its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL – Free Report) by 11.9% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 13,012 shares of the company’s stock after purchasing an additional 1,379 shares during the period. Sovereign Financial Group Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $2,224,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. BankPlus Trust Department purchased a new stake in iShares MSCI USA Quality Factor ETF during the 4th quarter worth about $27,000. Rialto Wealth Management LLC purchased a new stake in iShares MSCI USA Quality Factor ETF during the 4th quarter worth about $32,000. CoreFirst Bank & Trust purchased a new stake in iShares MSCI USA Quality Factor ETF during the 4th quarter worth about $32,000. Bellwether Advisors LLC purchased a new stake in iShares MSCI USA Quality Factor ETF during the 4th quarter worth about $32,000. Finally, Mascagni Wealth Management Inc. purchased a new stake in iShares MSCI USA Quality Factor ETF during the 4th quarter worth about $36,000.
iShares MSCI USA Quality Factor ETF Stock Performance
Shares of QUAL opened at $180.45 on Friday. The stock’s 50-day simple moving average is $169.87 and its 200 day simple moving average is $176.77. The stock has a market capitalization of $52.09 billion, a price-to-earnings ratio of 25.81 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 52-week low of $148.34 and a 52-week high of $187.26.
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.
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