Patriot Financial Group Insurance Agency LLC Has $7.35 Million Stake in iShares MSCI USA Quality Factor ETF $QUAL

Patriot Financial Group Insurance Agency LLC boosted its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 6.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,208 shares of the company’s stock after buying an additional 2,368 shares during the period. iShares MSCI USA Quality Factor ETF makes up approximately 0.8% of Patriot Financial Group Insurance Agency LLC’s investment portfolio, making the stock its 19th largest position. Patriot Financial Group Insurance Agency LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $7,351,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of QUAL. Cullen Frost Bankers Inc. boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 84.2% in the 1st quarter. Cullen Frost Bankers Inc. now owns 175 shares of the company’s stock valued at $30,000 after purchasing an additional 80 shares in the last quarter. Legacy Wealth Managment LLC ID acquired a new stake in shares of iShares MSCI USA Quality Factor ETF in the 1st quarter valued at approximately $37,000. CX Institutional boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 151.9% in the 2nd quarter. CX Institutional now owns 204 shares of the company’s stock valued at $37,000 after purchasing an additional 123 shares in the last quarter. BankPlus Trust Department boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 58.4% in the 1st quarter. BankPlus Trust Department now owns 244 shares of the company’s stock valued at $42,000 after purchasing an additional 90 shares in the last quarter. Finally, First Command Advisory Services Inc. acquired a new stake in shares of iShares MSCI USA Quality Factor ETF in the 1st quarter valued at approximately $43,000.

iShares MSCI USA Quality Factor ETF Trading Up 11.2%

QUAL opened at $196.36 on Friday. The company’s 50 day moving average is $189.11 and its 200-day moving average is $179.47. iShares MSCI USA Quality Factor ETF has a 1-year low of $148.34 and a 1-year high of $187.26. The company has a market cap of $56.93 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.