Ocean Park Asset Management LLC Makes New Investment in iShares MSCI USA Quality Factor ETF $QUAL

Ocean Park Asset Management LLC acquired a new stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) in the 1st quarter, HoldingsChannel.com reports. The firm acquired 4,298 shares of the company’s stock, valued at approximately $824,000.

Other hedge funds have also recently modified their holdings of the company. Advocate Investing Services LLC purchased a new position in shares of iShares MSCI USA Quality Factor ETF in the 4th quarter worth approximately $25,000. Resources Management Corp CT ADV bought a new position in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter valued at approximately $27,000. Financial Life Planners purchased a new stake in shares of iShares MSCI USA Quality Factor ETF during the third quarter valued at approximately $28,000. Ares Financial Consulting LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF during the fourth quarter valued at approximately $30,000. Finally, Cornerstone Financial Management LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF during the fourth quarter valued at approximately $30,000.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of iShares MSCI USA Quality Factor ETF stock opened at $215.89 on Monday. The business’s fifty day simple moving average is $210.83 and its 200 day simple moving average is $203.69. The firm has a market capitalization of $62.60 billion, a P/E ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 12 month low of $175.20 and a 12 month high of $219.82.

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.