Mesirow Financial Investment Management Inc. Boosts Stock Position in iShares MSCI USA Quality Factor ETF $QUAL

Mesirow Financial Investment Management Inc. increased its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 601.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 16,740 shares of the company’s stock after buying an additional 14,354 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $3,060,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in QUAL. Keener Financial Planning LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF in the 2nd quarter worth approximately $29,000. Cullen Frost Bankers Inc. grew its stake in shares of iShares MSCI USA Quality Factor ETF by 84.2% in the 1st quarter. Cullen Frost Bankers Inc. now owns 175 shares of the company’s stock worth $30,000 after buying an additional 80 shares during the last quarter. Legacy Wealth Managment LLC ID purchased a new stake in shares of iShares MSCI USA Quality Factor ETF in the 1st quarter worth approximately $37,000. CX Institutional grew its stake in shares of iShares MSCI USA Quality Factor ETF by 151.9% in the 2nd quarter. CX Institutional now owns 204 shares of the company’s stock worth $37,000 after buying an additional 123 shares during the last quarter. Finally, BankPlus Trust Department grew its stake in shares of iShares MSCI USA Quality Factor ETF by 58.4% in the 1st quarter. BankPlus Trust Department now owns 244 shares of the company’s stock worth $42,000 after buying an additional 90 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Up 11.2%

iShares MSCI USA Quality Factor ETF stock opened at $196.35 on Friday. The company has a market capitalization of $56.93 billion, a P/E ratio of 25.59 and a beta of 1.05. The stock’s 50 day moving average is $193.01 and its 200 day moving average is $183.81. iShares MSCI USA Quality Factor ETF has a twelve month low of $148.34 and a twelve month 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.