Modern Wealth Management LLC Boosts Stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Modern Wealth Management LLC grew its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 12.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 188,799 shares of the company’s stock after acquiring an additional 21,090 shares during the quarter. iShares MSCI USA Quality Factor ETF comprises about 1.2% of Modern Wealth Management LLC’s portfolio, making the stock its 18th biggest position. Modern Wealth Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $34,785,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Financial Life Planners purchased a new stake in iShares MSCI USA Quality Factor ETF during the fourth quarter valued at approximately $25,000. BankPlus Trust Department acquired a new position in shares of iShares MSCI USA Quality Factor ETF during the fourth quarter worth $27,000. Rialto Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF during the 4th quarter valued at $32,000. CoreFirst Bank & Trust acquired a new stake in shares of iShares MSCI USA Quality Factor ETF in the 4th quarter worth $32,000. Finally, Whittier Trust Co. grew its stake in iShares MSCI USA Quality Factor ETF by 63.1% during the 4th quarter. Whittier Trust Co. now owns 212 shares of the company’s stock worth $38,000 after buying an additional 82 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

iShares MSCI USA Quality Factor ETF stock opened at $174.73 on Tuesday. The stock has a market cap of $49.60 billion, a PE ratio of 26.45 and a beta of 1.04. The stock has a 50-day moving average of $179.92 and a two-hundred day moving average of $180.30. iShares MSCI USA Quality Factor ETF has a one year low of $154.17 and a one year high of $187.26.

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.