M1 Capital Management LLC Acquires 3,190 Shares of iShares MSCI USA Quality Factor ETF $QUAL

M1 Capital Management LLC boosted its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 6.9% in the 3rd quarter, Holdings Channel reports. The firm owned 49,230 shares of the company’s stock after buying an additional 3,190 shares during the quarter. iShares MSCI USA Quality Factor ETF accounts for approximately 4.1% of M1 Capital Management LLC’s portfolio, making the stock its 5th biggest position. M1 Capital Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $9,575,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Gallagher Fiduciary Advisors LLC boosted its position in shares of iShares MSCI USA Quality Factor ETF by 13,080.9% in the second quarter. Gallagher Fiduciary Advisors LLC now owns 2,481,960 shares of the company’s stock worth $453,752,000 after buying an additional 2,463,130 shares during the period. Soundwatch Capital LLC lifted its position in iShares MSCI USA Quality Factor ETF by 72,284.9% during the 2nd quarter. Soundwatch Capital LLC now owns 2,437,924 shares of the company’s stock worth $445,701,000 after acquiring an additional 2,434,556 shares in the last quarter. Symphony Financial Ltd. Co. boosted its holdings in iShares MSCI USA Quality Factor ETF by 4,818.8% in the 2nd quarter. Symphony Financial Ltd. Co. now owns 1,716,464 shares of the company’s stock worth $313,849,000 after acquiring an additional 1,681,568 shares during the period. Charles Schwab Investment Management Inc. acquired a new stake in iShares MSCI USA Quality Factor ETF in the second quarter valued at approximately $305,974,000. Finally, Cerity Partners LLC raised its stake in shares of iShares MSCI USA Quality Factor ETF by 39.6% during the second quarter. Cerity Partners LLC now owns 3,755,880 shares of the company’s stock valued at $686,910,000 after purchasing an additional 1,065,946 shares during the period.

iShares MSCI USA Quality Factor ETF Trading Down 0.9%

BATS QUAL opened at $201.68 on Friday. The stock has a market cap of $58.48 billion, a P/E ratio of 25.59 and a beta of 1.05. The company’s fifty day simple moving average is $202.58 and its 200-day simple moving average is $197.16. iShares MSCI USA Quality Factor ETF has a 52 week low of $148.34 and a 52 week high of $205.65.

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