MLG Wealth Management DBA Pine Grove Financial Group Decreases Position in iShares MSCI USA Quality Factor ETF $QUAL

MLG Wealth Management DBA Pine Grove Financial Group lessened its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 89.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,716 shares of the company’s stock after selling 55,148 shares during the period. MLG Wealth Management DBA Pine Grove Financial Group’s holdings in iShares MSCI USA Quality Factor ETF were worth $1,471,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Advocate Investing Services LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF during the 4th quarter worth $25,000. Resources Management Corp CT ADV purchased a new position in iShares MSCI USA Quality Factor ETF in the fourth quarter valued at $27,000. Financial Life Planners acquired a new stake in iShares MSCI USA Quality Factor ETF in the first quarter valued at $28,000. Cornerstone Financial Management LLC purchased a new stake in iShares MSCI USA Quality Factor ETF during the 4th quarter worth about $30,000. Finally, Godsey & Gibb Inc. boosted its position in shares of iShares MSCI USA Quality Factor ETF by 69.8% during the 1st quarter. Godsey & Gibb Inc. now owns 163 shares of the company’s stock worth $31,000 after acquiring an additional 67 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

QUAL opened at $222.58 on Tuesday. iShares MSCI USA Quality Factor ETF has a one year low of $185.88 and a one year high of $227.32. The company has a market cap of $64.54 billion, a P/E ratio of 25.59 and a beta of 1.05. The business’s 50-day simple moving average is $221.23 and its 200-day simple moving average is $211.27.

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.