MGB Wealth Management LLC Takes $39,000 Position in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

MGB Wealth Management LLC purchased a new stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) during the third quarter, Holdings Channel reports. The firm purchased 220 shares of the company’s stock, valued at approximately $39,000.

A number of other institutional investors have also modified their holdings of QUAL. Halpern Financial Inc. bought a new stake in shares of iShares MSCI USA Quality Factor ETF in the 3rd quarter valued at about $26,000. Barrett & Company Inc. bought a new stake in shares of iShares MSCI USA Quality Factor ETF in the 3rd quarter valued at about $27,000. Voisard Asset Management Group Inc. bought a new stake in shares of iShares MSCI USA Quality Factor ETF in the 3rd quarter valued at about $27,000. OLD Second National Bank of Aurora bought a new stake in shares of iShares MSCI USA Quality Factor ETF in the 3rd quarter valued at about $27,000. Finally, Centennial Bank AR bought a new stake in shares of iShares MSCI USA Quality Factor ETF in the 3rd quarter valued at about $29,000.

iShares MSCI USA Quality Factor ETF Stock Up 0.4 %

Shares of iShares MSCI USA Quality Factor ETF stock opened at $182.75 on Friday. The firm has a market capitalization of $48.23 billion, a P/E ratio of 23.03 and a beta of 1.03. The company has a 50 day moving average price of $180.16 and a 200 day moving average price of $173.87. iShares MSCI USA Quality Factor ETF has a 52 week low of $71.96 and a 52 week 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.