Apex Wealth Management LLC Has $359,000 Stock Holdings in iShares MSCI USA Quality Factor ETF $QUAL

Apex Wealth Management LLC trimmed its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 86.4% in the second quarter, Holdings Channel.com reports. The firm owned 1,964 shares of the company’s stock after selling 12,453 shares during the period. Apex Wealth Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $359,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in QUAL. BNP Paribas Financial Markets boosted its stake in iShares MSCI USA Quality Factor ETF by 3,606,710.7% during the 1st quarter. BNP Paribas Financial Markets now owns 2,705,108 shares of the company’s stock worth $462,276,000 after acquiring an additional 2,705,033 shares during the last quarter. LPL Financial LLC lifted its position in shares of iShares MSCI USA Quality Factor ETF by 7.8% in the first quarter. LPL Financial LLC now owns 18,186,643 shares of the company’s stock worth $3,107,915,000 after purchasing an additional 1,318,823 shares in the last quarter. Focus Partners Wealth lifted its position in iShares MSCI USA Quality Factor ETF by 213.6% during the 1st quarter. Focus Partners Wealth now owns 1,891,522 shares of the company’s stock worth $323,242,000 after buying an additional 1,288,398 shares in the last quarter. Liberty Wealth Management LLC increased its position in shares of iShares MSCI USA Quality Factor ETF by 995.9% during the 1st quarter. Liberty Wealth Management LLC now owns 1,312,382 shares of the company’s stock worth $224,273,000 after purchasing an additional 1,192,632 shares during the last quarter. Finally, Orgel Wealth Management LLC grew its position in shares of iShares MSCI USA Quality Factor ETF by 56.8% in the 2nd quarter. Orgel Wealth Management LLC now owns 2,954,525 shares of the company’s stock valued at $540,146,000 after acquiring an additional 1,070,608 shares during the period.

iShares MSCI USA Quality Factor ETF Trading Up 11.2%

QUAL opened at $196.40 on Wednesday. iShares MSCI USA Quality Factor ETF has a 1-year low of $148.34 and a 1-year high of $187.26. The stock has a market cap of $56.95 billion, a PE ratio of 25.59 and a beta of 1.05. The stock’s fifty day simple moving average is $193.85 and its 200 day simple moving average is $185.66.

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.