Ironsides Asset Advisors LLC Buys 4,625 Shares of iShares MSCI USA Quality Factor ETF $QUAL

Ironsides Asset Advisors LLC raised its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 16.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 33,228 shares of the company’s stock after buying an additional 4,625 shares during the period. iShares MSCI USA Quality Factor ETF comprises approximately 1.7% of Ironsides Asset Advisors LLC’s holdings, making the stock its 12th largest position. Ironsides Asset Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $6,463,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Hantz Financial Services Inc. bought a new stake in shares of iShares MSCI USA Quality Factor ETF in the third quarter worth $25,000. CoreFirst Bank & Trust bought a new position in iShares MSCI USA Quality Factor ETF in the second quarter valued at about $33,000. First Horizon Corp bought a new position in iShares MSCI USA Quality Factor ETF in the third quarter valued at about $36,000. Phillips Financial Management LLC purchased a new position in iShares MSCI USA Quality Factor ETF in the third quarter worth about $39,000. Finally, Legacy Investment Solutions LLC purchased a new position in iShares MSCI USA Quality Factor ETF in the second quarter worth about $40,000.

iShares MSCI USA Quality Factor ETF Stock Down 1.5%

iShares MSCI USA Quality Factor ETF stock opened at $198.66 on Friday. iShares MSCI USA Quality Factor ETF has a 52-week low of $148.34 and a 52-week high of $205.65. The company has a market cap of $57.60 billion, a P/E ratio of 25.59 and a beta of 1.05. The business has a 50-day simple moving average of $202.53 and a two-hundred day simple moving average of $197.23.

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.