iShares MSCI USA Quality Factor ETF (BATS:QUAL) is Connecticut Wealth Management LLC’s Largest Position

Connecticut Wealth Management LLC raised its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 2.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,513,154 shares of the company’s stock after acquiring an additional 39,422 shares during the quarter. iShares MSCI USA Quality Factor ETF makes up 12.8% of Connecticut Wealth Management LLC’s investment portfolio, making the stock its largest position. Connecticut Wealth Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $222,645,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. VisionPoint Advisory Group LLC acquired a new position in shares of iShares MSCI USA Quality Factor ETF during the 3rd quarter worth about $25,000. NBC Securities Inc. purchased a new stake in iShares MSCI USA Quality Factor ETF during the 3rd quarter worth approximately $26,000. Signaturefd LLC raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 1,414.3% during the third quarter. Signaturefd LLC now owns 212 shares of the company’s stock valued at $28,000 after acquiring an additional 198 shares during the last quarter. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter valued at approximately $28,000. Finally, Thompson Investment Management Inc. acquired a new stake in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter worth approximately $34,000.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of QUAL traded up $1.82 during trading hours on Friday, hitting $159.19. 1,411,118 shares of the stock were exchanged. The stock’s 50-day moving average price is $160.94 and its two-hundred day moving average price is $150.47. iShares MSCI USA Quality Factor ETF has a 12-month low of $71.96 and a 12-month high of $88.63. The company has a market cap of $42.01 billion, a price-to-earnings ratio of 23.03 and a beta of 1.03.

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.