iShares MSCI USA Quality Factor ETF $QUAL is Summit X LLC’s 6th Largest Position

Summit X LLC increased its holdings in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 0.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,487 shares of the company’s stock after acquiring an additional 801 shares during the period. iShares MSCI USA Quality Factor ETF makes up 3.8% of Summit X LLC’s investment portfolio, making the stock its 6th largest holding. Summit X LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $20,199,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Keener Financial Planning LLC bought a new position in shares of iShares MSCI USA Quality Factor ETF during the second quarter valued at $29,000. Cullen Frost Bankers Inc. increased its stake in iShares MSCI USA Quality Factor ETF by 84.2% during the 1st quarter. Cullen Frost Bankers Inc. now owns 175 shares of the company’s stock valued at $30,000 after purchasing an additional 80 shares in the last quarter. Legacy Wealth Managment LLC ID bought a new stake in iShares MSCI USA Quality Factor ETF during the 1st quarter valued at about $37,000. CX Institutional raised its holdings in iShares MSCI USA Quality Factor ETF by 151.9% in the second quarter. CX Institutional now owns 204 shares of the company’s stock worth $37,000 after buying an additional 123 shares during the last quarter. Finally, Legacy Investment Solutions LLC purchased a new position in iShares MSCI USA Quality Factor ETF in the second quarter worth about $40,000.

iShares MSCI USA Quality Factor ETF Stock Up 9.4%

BATS:QUAL opened at $193.17 on Friday. The company’s 50 day moving average price is $193.54 and its 200-day moving average price is $185.11. iShares MSCI USA Quality Factor ETF has a 52 week low of $148.34 and a 52 week high of $187.26. The stock has a market cap of $56.01 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05.

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.