Cornerstone Planning Group LLC Increases Position in iShares MSCI USA Quality Factor ETF $QUAL

Cornerstone Planning Group LLC raised its holdings in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 3,151.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,613 shares of the company’s stock after purchasing an additional 19,979 shares during the period. Cornerstone Planning Group LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $4,054,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in QUAL. Keener Financial Planning LLC purchased a new position in iShares MSCI USA Quality Factor ETF during the second quarter valued at $29,000. CoreFirst Bank & Trust bought a new position in shares of iShares MSCI USA Quality Factor ETF during the second quarter valued at $33,000. First Horizon Corp bought a new position in shares of iShares MSCI USA Quality Factor ETF during the third quarter valued at $36,000. Phillips Financial Management LLC purchased a new position in shares of iShares MSCI USA Quality Factor ETF in the 3rd quarter worth about $39,000. Finally, Legacy Investment Solutions LLC bought a new position in iShares MSCI USA Quality Factor ETF in the 2nd quarter worth about $40,000.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of QUAL stock opened at $203.69 on Tuesday. The company has a market capitalization of $59.06 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. The company’s 50-day moving average is $200.67 and its 200 day moving average is $194.52.

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.