Magnolia Capital Advisors LLC Boosts Position in iShares MSCI USA Quality Factor ETF $QUAL

Magnolia Capital Advisors LLC raised its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 632.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 50,164 shares of the company’s stock after buying an additional 43,319 shares during the quarter. iShares MSCI USA Quality Factor ETF makes up about 2.3% of Magnolia Capital Advisors LLC’s investment portfolio, making the stock its 5th largest holding. Magnolia Capital Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $9,171,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Galvin Gaustad & Stein LLC raised its stake in shares of 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 valued at $383,000 after purchasing an additional 54 shares in the last quarter. Global Financial Private Client LLC raised its stake in shares of iShares MSCI USA Quality Factor ETF by 0.6% during the second quarter. Global Financial Private Client LLC now owns 10,696 shares of the company’s stock valued at $1,955,000 after purchasing an additional 60 shares in the last quarter. L. Roy Papp & Associates LLP raised its stake in shares of iShares MSCI USA Quality Factor ETF by 2.5% during the second quarter. L. Roy Papp & Associates LLP now owns 2,461 shares of the company’s stock valued at $450,000 after purchasing an additional 60 shares in the last quarter. Acorn Wealth Advisors LLC raised its stake in shares of iShares MSCI USA Quality Factor ETF by 0.4% during the first quarter. Acorn Wealth Advisors LLC now owns 14,431 shares of the company’s stock valued at $2,466,000 after purchasing an additional 62 shares in the last quarter. Finally, Benningfield Financial Advisors LLC raised its stake in shares of iShares MSCI USA Quality Factor ETF by 0.8% during the second quarter. Benningfield Financial Advisors LLC now owns 7,820 shares of the company’s stock valued at $1,430,000 after purchasing an additional 65 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Stock Up 10.9%

Shares of BATS QUAL opened at $195.96 on Tuesday. iShares MSCI USA Quality Factor ETF has a fifty-two week low of $148.34 and a fifty-two week high of $187.26. The firm’s 50-day simple moving average is $193.16 and its 200 day simple moving average is $184.33. The stock has a market cap of $56.82 billion, a P/E 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.