Marks Group Wealth Management Inc Buys 2,289 Shares of iShares MSCI USA Quality Factor ETF $QUAL

Marks Group Wealth Management Inc increased its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 15.8% in the first quarter, Holdings Channel.com reports. The firm owned 16,732 shares of the company’s stock after buying an additional 2,289 shares during the quarter. Marks Group Wealth Management Inc’s holdings in iShares MSCI USA Quality Factor ETF were worth $3,209,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Advocate Investing Services LLC acquired a new stake in shares of iShares MSCI USA Quality Factor ETF during the 4th quarter valued at $25,000. Resources Management Corp CT ADV acquired a new position in iShares MSCI USA Quality Factor ETF in the 4th quarter worth about $27,000. Financial Life Planners acquired a new position in iShares MSCI USA Quality Factor ETF in the 1st quarter worth about $28,000. Ares Financial Consulting LLC bought a new position in iShares MSCI USA Quality Factor ETF in the fourth quarter valued at about $30,000. Finally, Cornerstone Financial Management LLC bought a new position in iShares MSCI USA Quality Factor ETF in the fourth quarter valued at about $30,000.

iShares MSCI USA Quality Factor ETF Trading Up 0.3%

Shares of QUAL stock opened at $219.80 on Thursday. The firm has a market capitalization of $63.73 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. The business’s 50-day moving average price is $215.12 and its 200-day moving average price is $205.97. iShares MSCI USA Quality Factor ETF has a 12 month low of $181.55 and a 12 month high of $220.24.

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