Bay Harbor Wealth Management LLC Purchases 5,176 Shares of iShares MSCI USA Quality Factor ETF $QUAL

Bay Harbor Wealth Management LLC boosted its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 7.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 76,890 shares of the company’s stock after buying an additional 5,176 shares during the period. iShares MSCI USA Quality Factor ETF makes up approximately 4.1% of Bay Harbor Wealth Management LLC’s holdings, making the stock its 6th biggest holding. Bay Harbor Wealth Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $14,057,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of QUAL. Brighton Jones LLC raised its holdings in iShares MSCI USA Quality Factor ETF by 25.3% during the 4th quarter. Brighton Jones LLC now owns 10,028 shares of the company’s stock worth $1,786,000 after buying an additional 2,023 shares during the period. Heck Capital Advisors LLC acquired a new stake in iShares MSCI USA Quality Factor ETF during the 4th quarter worth approximately $81,990,000. Bison Wealth LLC raised its holdings in iShares MSCI USA Quality Factor ETF by 21.6% during the 4th quarter. Bison Wealth LLC now owns 19,062 shares of the company’s stock worth $3,395,000 after buying an additional 3,383 shares during the period. Procyon Advisors LLC raised its holdings in iShares MSCI USA Quality Factor ETF by 31.2% during the 1st quarter. Procyon Advisors LLC now owns 4,547 shares of the company’s stock worth $777,000 after buying an additional 1,081 shares during the period. Finally, Sovereign Financial Group Inc. raised its holdings in iShares MSCI USA Quality Factor ETF by 11.9% during the 1st quarter. Sovereign Financial Group Inc. now owns 13,012 shares of the company’s stock worth $2,224,000 after buying an additional 1,379 shares during the period.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of QUAL stock opened at $196.47 on Friday. The company has a market capitalization of $56.97 billion, a P/E ratio of 25.59 and a beta of 1.05. The company’s 50 day moving average price is $189.31 and its two-hundred day moving average price is $179.63. iShares MSCI USA Quality Factor ETF has a 52 week low of $148.34 and a 52 week high of $187.26.

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.