Midwest Capital Advisors LLC Invests $15.12 Million in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Midwest Capital Advisors LLC bought a new position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 84,894 shares of the company’s stock, valued at approximately $15,118,000. iShares MSCI USA Quality Factor ETF makes up 11.1% of Midwest Capital Advisors LLC’s holdings, making the stock its 2nd largest position.

A number of other large investors have also modified their holdings of QUAL. Alpha Financial Partners LLC raised its stake in shares of iShares MSCI USA Quality Factor ETF by 903.5% during the 3rd quarter. Alpha Financial Partners LLC now owns 38,674 shares of the company’s stock worth $6,934,000 after buying an additional 34,820 shares in the last quarter. Signaturefd LLC grew its holdings in shares of iShares MSCI USA Quality Factor ETF by 46.3% in the 3rd quarter. Signaturefd LLC now owns 717 shares of the company’s stock worth $129,000 after acquiring an additional 227 shares during the period. CENTRAL TRUST Co acquired a new stake in shares of iShares MSCI USA Quality Factor ETF in the 3rd quarter worth approximately $134,000. Osborne Partners Capital Management LLC grew its holdings in shares of iShares MSCI USA Quality Factor ETF by 65.4% in the 3rd quarter. Osborne Partners Capital Management LLC now owns 2,117 shares of the company’s stock worth $380,000 after acquiring an additional 837 shares during the period. Finally, NorthCrest Asset Manangement LLC acquired a new stake in shares of iShares MSCI USA Quality Factor ETF in the 3rd quarter worth approximately $1,588,000.

iShares MSCI USA Quality Factor ETF Price Performance

QUAL opened at $182.67 on Monday. The stock has a market cap of $48.21 billion, a P/E ratio of 23.03 and a beta of 1.03. The stock’s 50 day simple moving average is $181.78 and its 200 day simple moving average is $180.14. iShares MSCI USA Quality Factor ETF has a 1-year low of $71.96 and a 1-year high of $88.63.

iShares MSCI USA Quality Factor ETF 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.