Independent Financial Group LLC Makes New Investment in iShares MSCI USA Quality Factor ETF $QUAL

Independent Financial Group LLC bought a new position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) in the 1st quarter, Holdings Channel.com reports. The firm bought 32,750 shares of the company’s stock, valued at approximately $6,282,000.

Other hedge funds also recently made changes to their positions in the company. Advocate Investing Services LLC acquired a new position in shares of iShares MSCI USA Quality Factor ETF during the fourth quarter worth about $25,000. Resources Management Corp CT ADV purchased a new position in iShares MSCI USA Quality Factor ETF during the fourth quarter worth about $27,000. Financial Life Planners acquired a new stake in iShares MSCI USA Quality Factor ETF in the first quarter valued at about $28,000. Ares Financial Consulting LLC acquired a new stake in iShares MSCI USA Quality Factor ETF in the fourth quarter valued at about $30,000. Finally, Cornerstone Financial Management LLC acquired a new stake in iShares MSCI USA Quality Factor ETF in the fourth quarter valued at about $30,000.

iShares MSCI USA Quality Factor ETF Trading Up 0.4%

BATS QUAL opened at $220.66 on Friday. The business’s 50 day moving average is $215.34 and its two-hundred day moving average is $206.11. iShares MSCI USA Quality Factor ETF has a 12-month low of $181.65 and a 12-month high of $221.16. The stock has a market capitalization of $63.98 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05.

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.