PAX Financial Group LLC Acquires 5,138 Shares of iShares MSCI USA Quality Factor ETF $QUAL

PAX Financial Group LLC raised its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 8.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,003 shares of the company’s stock after buying an additional 5,138 shares during the period. iShares MSCI USA Quality Factor ETF comprises about 2.1% of PAX Financial Group LLC’s holdings, making the stock its 10th largest position. PAX Financial Group LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $12,468,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in QUAL. River S Edge Wealth Management LLC increased its position in shares of iShares MSCI USA Quality Factor ETF by 1.9% during the first quarter. River S Edge Wealth Management LLC now owns 49,940 shares of the company’s stock worth $10,357,000 after acquiring an additional 910 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 1.1% in the 1st quarter. Private Advisor Group LLC now owns 404,816 shares of the company’s stock worth $77,648,000 after acquiring an additional 4,412 shares during the last quarter. Trademark Financial Management LLC lifted its position in iShares MSCI USA Quality Factor ETF by 7.0% in the 1st quarter. Trademark Financial Management LLC now owns 8,759 shares of the company’s stock valued at $1,680,000 after acquiring an additional 576 shares in the last quarter. Elevation Point Wealth Partners LLC lifted its position in iShares MSCI USA Quality Factor ETF by 263.8% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 176,633 shares of the company’s stock valued at $33,880,000 after acquiring an additional 128,082 shares in the last quarter. Finally, Blue Capital Inc. lifted its position in iShares MSCI USA Quality Factor ETF by 3.4% in the 1st quarter. Blue Capital Inc. now owns 2,089 shares of the company’s stock valued at $401,000 after acquiring an additional 68 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

QUAL stock opened at $218.43 on Friday. The business has a 50-day simple moving average of $213.27 and a two-hundred day simple moving average of $204.84. The company has a market capitalization of $63.33 billion, a P/E ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 52-week low of $181.55 and a 52-week high of $220.24.

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. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.