Merit Financial Group LLC Has $135.68 Million Holdings in iShares MSCI USA Quality Factor ETF $QUAL

Merit Financial Group LLC boosted its holdings in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 6.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 697,587 shares of the company’s stock after buying an additional 43,430 shares during the period. iShares MSCI USA Quality Factor ETF comprises about 1.2% of Merit Financial Group LLC’s portfolio, making the stock its 15th biggest holding. Merit Financial Group LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $135,681,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Keener Financial Planning LLC acquired a new position in shares of iShares MSCI USA Quality Factor ETF during the 2nd quarter valued at about $29,000. CoreFirst Bank & Trust acquired a new position in iShares MSCI USA Quality Factor ETF in the 2nd quarter valued at $33,000. Legacy Wealth Managment LLC ID bought a new position in iShares MSCI USA Quality Factor ETF in the 1st quarter worth $37,000. CX Institutional lifted its position 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 worth $37,000 after acquiring an additional 123 shares during the last quarter. Finally, Legacy Investment Solutions LLC bought a new stake in iShares MSCI USA Quality Factor ETF during the second quarter valued at about $40,000.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of BATS:QUAL opened at $200.07 on Wednesday. The stock’s 50-day moving average is $197.04 and its 200-day moving average is $191.01. The company has a market cap of $58.01 billion, a P/E ratio of 25.59 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.

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. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.