PFG Private Wealth Management LLC Grows Holdings in iShares MSCI USA Quality Factor ETF $QUAL

PFG Private Wealth Management LLC raised its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 2.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,174 shares of the company’s stock after buying an additional 687 shares during the period. iShares MSCI USA Quality Factor ETF accounts for 2.8% of PFG Private Wealth Management LLC’s investment portfolio, making the stock its 14th biggest holding. PFG Private Wealth Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $5,516,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Galvin Gaustad & Stein LLC raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 2.6% in the 2nd quarter. Galvin Gaustad & Stein LLC now owns 2,095 shares of the company’s stock worth $383,000 after purchasing an additional 54 shares during the period. Global Financial Private Client LLC increased its holdings in iShares MSCI USA Quality Factor ETF by 0.6% in the 2nd quarter. Global Financial Private Client LLC now owns 10,696 shares of the company’s stock worth $1,955,000 after acquiring an additional 60 shares during the last quarter. L. Roy Papp & Associates LLP raised its stake in iShares MSCI USA Quality Factor ETF by 2.5% in the second quarter. L. Roy Papp & Associates LLP now owns 2,461 shares of the company’s stock valued at $450,000 after purchasing an additional 60 shares in the last quarter. Benningfield Financial Advisors LLC raised its stake in iShares MSCI USA Quality Factor ETF by 0.8% in the second quarter. Benningfield Financial Advisors LLC now owns 7,820 shares of the company’s stock valued at $1,430,000 after purchasing an additional 65 shares in the last quarter. Finally, Bartlett & CO. Wealth Management LLC lifted its position in iShares MSCI USA Quality Factor ETF by 0.7% during the second quarter. Bartlett & CO. Wealth Management LLC now owns 10,631 shares of the company’s stock valued at $1,944,000 after purchasing an additional 72 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of BATS:QUAL opened at $192.31 on Tuesday. The company’s fifty day moving average price is $194.26 and its 200-day moving average price is $186.40. The firm has a market capitalization of $55.76 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a one year low of $148.34 and a one year 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.