QRG Capital Management Inc. Grows Stake in iShares MSCI USA Quality Factor ETF $QUAL

QRG Capital Management Inc. lifted its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 1.4% in the second quarter, Holdings Channel reports. The firm owned 8,371 shares of the company’s stock after buying an additional 115 shares during the period. QRG Capital Management Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $1,530,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Cullen Frost Bankers Inc. increased its stake in shares of iShares MSCI USA Quality Factor ETF by 84.2% during the first quarter. Cullen Frost Bankers Inc. now owns 175 shares of the company’s stock worth $30,000 after purchasing an additional 80 shares in the last quarter. CX Institutional boosted its position in iShares MSCI USA Quality Factor ETF by 151.9% during the second quarter. CX Institutional now owns 204 shares of the company’s stock worth $37,000 after acquiring an additional 123 shares during the last quarter. Legacy Wealth Managment LLC ID acquired a new position in iShares MSCI USA Quality Factor ETF during the first quarter worth about $37,000. BankPlus Trust Department boosted its position in iShares MSCI USA Quality Factor ETF by 58.4% during the first quarter. BankPlus Trust Department now owns 244 shares of the company’s stock worth $42,000 after acquiring an additional 90 shares during the last quarter. Finally, Cheviot Value Management LLC acquired a new position in iShares MSCI USA Quality Factor ETF during the first quarter worth about $43,000.

iShares MSCI USA Quality Factor ETF Trading Up 10.8%

QUAL opened at $195.75 on Wednesday. The firm has a market capitalization of $56.76 billion, a PE ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a twelve month low of $148.34 and a twelve month high of $187.26. The firm’s 50-day moving average price is $189.70 and its 200 day moving average price is $180.02.

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.