M Holdings Securities Inc. Buys New Position in iShares MSCI USA Quality Factor ETF $QUAL

M Holdings Securities Inc. purchased a new stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,548 shares of the company’s stock, valued at approximately $2,649,000.

A number of other large investors have also recently added to or reduced their stakes in QUAL. Galvin Gaustad & Stein LLC grew its holdings in iShares MSCI USA Quality Factor ETF by 2.6% during the second quarter. Galvin Gaustad & Stein LLC now owns 2,095 shares of the company’s stock worth $383,000 after purchasing an additional 54 shares during the period. Global Financial Private Client LLC lifted its position in shares of iShares MSCI USA Quality Factor ETF by 0.6% in the second quarter. Global Financial Private Client LLC now owns 10,696 shares of the company’s stock valued at $1,955,000 after buying an additional 60 shares during the last quarter. L. Roy Papp & Associates LLP lifted its position in shares of iShares MSCI USA Quality Factor ETF by 2.5% in the second quarter. L. Roy Papp & Associates LLP now owns 2,461 shares of the company’s stock valued at $450,000 after buying an additional 60 shares during the last quarter. Benningfield Financial Advisors LLC boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 0.8% during the 2nd quarter. Benningfield Financial Advisors LLC now owns 7,820 shares of the company’s stock worth $1,430,000 after acquiring an additional 65 shares during the period. Finally, Bartlett & CO. Wealth Management LLC increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 0.7% during the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 10,631 shares of the company’s stock worth $1,944,000 after acquiring an additional 72 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Trading Up 12.7%

QUAL opened at $199.14 on Friday. The stock’s fifty day simple moving average is $195.27 and its 200 day simple moving average is $188.15. iShares MSCI USA Quality Factor ETF has a 1-year low of $148.34 and a 1-year high of $187.26. The stock has a market cap of $57.74 billion, a PE 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.