Diversified Portfolios Inc. Invests $290,000 in iShares MSCI USA Quality Factor ETF $QUAL

Diversified Portfolios Inc. bought a new stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) in the second quarter, Holdings Channel.com reports. The institutional investor bought 1,588 shares of the company’s stock, valued at approximately $290,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in QUAL. Keener Financial Planning LLC acquired a new position in shares of iShares MSCI USA Quality Factor ETF during the second quarter worth approximately $29,000. Legacy Wealth Managment LLC ID acquired a new stake in iShares MSCI USA Quality Factor ETF in the 1st quarter valued at $37,000. CX Institutional increased its stake in iShares MSCI USA Quality Factor ETF by 151.9% during the 2nd quarter. CX Institutional now owns 204 shares of the company’s stock valued at $37,000 after purchasing an additional 123 shares in the last quarter. Legacy Investment Solutions LLC acquired a new position in iShares MSCI USA Quality Factor ETF during the second quarter worth $40,000. Finally, Cheviot Value Management LLC acquired a new position in iShares MSCI USA Quality Factor ETF during the first quarter worth $43,000.

iShares MSCI USA Quality Factor ETF Price Performance

QUAL opened at $191.11 on Wednesday. iShares MSCI USA Quality Factor ETF has a fifty-two week low of $148.34 and a fifty-two week high of $187.26. The firm has a market capitalization of $55.41 billion, a PE ratio of 25.59 and a beta of 1.05. The company’s 50-day moving average is $194.29 and its 200 day moving average is $186.53.

iShares MSCI USA Quality Factor ETF Company 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.