iShares MSCI USA Quality Factor ETF $QUAL Stock: Sax Wealth Advisors LLC Grows Position

Sax Wealth Advisors LLC grew its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 10.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 512,973 shares of the company’s stock after purchasing an additional 47,003 shares during the quarter. iShares MSCI USA Quality Factor ETF makes up 3.2% of Sax Wealth Advisors LLC’s portfolio, making the stock its 5th biggest position. Sax Wealth Advisors LLC owned 0.18% of iShares MSCI USA Quality Factor ETF worth $114,003,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Financial Life Planners acquired a new stake in shares of iShares MSCI USA Quality Factor ETF in the 1st quarter worth $28,000. Cornerstone Financial Management LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF during the fourth quarter valued at $30,000. Godsey & Gibb Inc. raised its stake in iShares MSCI USA Quality Factor ETF by 69.8% in the 1st quarter. Godsey & Gibb Inc. now owns 163 shares of the company’s stock worth $31,000 after acquiring an additional 67 shares during the last quarter. Indiana Trust & Investment Management Co lifted its position in iShares MSCI USA Quality Factor ETF by 1,500.0% during the 1st quarter. Indiana Trust & Investment Management Co now owns 176 shares of the company’s stock worth $34,000 after acquiring an additional 165 shares during the period. Finally, Hurley Capital LLC acquired a new position in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter valued at about $35,000.

iShares MSCI USA Quality Factor ETF Price Performance

QUAL traded down $0.95 during trading on Tuesday, reaching $226.77. 162,035 shares of the company’s stock were exchanged, compared to its average volume of 1,574,070. iShares MSCI USA Quality Factor ETF has a 1 year low of $185.88 and a 1 year high of $228.13. The company’s fifty day simple moving average is $223.30 and its 200-day simple moving average is $215.26. The stock has a market capitalization of $65.75 billion, a P/E ratio of 25.59 and a beta of 1.05.

iShares MSCI USA Quality Factor ETF’s stock is scheduled to split before the market opens on Thursday, November 5th. The 4-1 split was recently announced. The newly issued shares will be issued to shareholders after the closing bell on Wednesday, November 4th.

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.