Pinnacle Wealth Management Group Inc. Has $326,000 Holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Pinnacle Wealth Management Group Inc. trimmed its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 6.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,818 shares of the company’s stock after selling 135 shares during the period. Pinnacle Wealth Management Group Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $326,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in QUAL. Provident Investment Management Inc. lifted its stake in iShares MSCI USA Quality Factor ETF by 5.8% during the second quarter. Provident Investment Management Inc. now owns 11,142 shares of the company’s stock worth $1,903,000 after purchasing an additional 614 shares during the period. American Trust acquired a new stake in iShares MSCI USA Quality Factor ETF in the 4th quarter valued at $21,979,000. Scarborough Advisors LLC grew its position in iShares MSCI USA Quality Factor ETF by 1,460.0% in the fourth quarter. Scarborough Advisors LLC now owns 973,510 shares of the company’s stock valued at $143,242,000 after acquiring an additional 911,104 shares during the period. Brookstone Capital Management raised its stake in iShares MSCI USA Quality Factor ETF by 13.3% during the first quarter. Brookstone Capital Management now owns 133,416 shares of the company’s stock worth $21,927,000 after acquiring an additional 15,705 shares in the last quarter. Finally, Annandale Capital LLC lifted its holdings in shares of iShares MSCI USA Quality Factor ETF by 1.4% during the second quarter. Annandale Capital LLC now owns 26,500 shares of the company’s stock valued at $4,525,000 after acquiring an additional 363 shares during the period.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of BATS:QUAL traded up $1.17 on Friday, hitting $181.43. The stock had a trading volume of 840,616 shares. The company has a market capitalization of $47.88 billion, a price-to-earnings ratio of 23.03 and a beta of 1.03. The firm’s 50 day moving average price is $175.40 and its 200-day moving average price is $169.47. iShares MSCI USA Quality Factor ETF has a twelve month low of $71.96 and a twelve month high of $88.63.

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.