MN Wealth Advisors LLC Purchases New Position in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

MN Wealth Advisors LLC purchased a new stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) during the 1st quarter, HoldingsChannel reports. The fund purchased 2,841 shares of the company’s stock, valued at approximately $486,000.

Several other institutional investors have also bought and sold shares of QUAL. LPL Financial LLC raised its position in iShares MSCI USA Quality Factor ETF by 14.5% in the 4th quarter. LPL Financial LLC now owns 16,867,820 shares of the company’s stock valued at $3,003,821,000 after purchasing an additional 2,141,996 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new position in iShares MSCI USA Quality Factor ETF in the 4th quarter valued at $349,393,000. Raymond James Financial Inc. bought a new position in iShares MSCI USA Quality Factor ETF in the 4th quarter valued at $331,412,000. JPMorgan Chase & Co. raised its position in iShares MSCI USA Quality Factor ETF by 14.6% in the 4th quarter. JPMorgan Chase & Co. now owns 6,580,546 shares of the company’s stock valued at $1,171,864,000 after purchasing an additional 837,887 shares during the last quarter. Finally, Orgel Wealth Management LLC raised its position in iShares MSCI USA Quality Factor ETF by 46.9% in the 1st quarter. Orgel Wealth Management LLC now owns 1,883,917 shares of the company’s stock valued at $321,943,000 after purchasing an additional 601,089 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of QUAL opened at $177.80 on Wednesday. The stock has a fifty day moving average price of $172.66 and a two-hundred day moving average price of $176.54. iShares MSCI USA Quality Factor ETF has a 52-week low of $148.34 and a 52-week high of $187.26. The company has a market cap of $51.32 billion, a price-to-earnings ratio of 25.81 and a beta of 1.05.

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.