Sax Wealth Advisors LLC Boosts Position in iShares MSCI USA Quality Factor ETF $QUAL

Sax Wealth Advisors LLC grew its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 5.2% during the 4th quarter, HoldingsChannel reports. The fund owned 463,270 shares of the company’s stock after purchasing an additional 22,847 shares during the period. iShares MSCI USA Quality Factor ETF comprises about 4.3% of Sax Wealth Advisors LLC’s investment portfolio, making the stock its 4th largest holding. Sax Wealth Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $92,015,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in QUAL. Avantra Family Wealth Inc. purchased a new stake in shares of iShares MSCI USA Quality Factor ETF in the third quarter worth approximately $1,493,000. Dynasty Wealth Management LLC boosted its holdings in iShares MSCI USA Quality Factor ETF by 18.3% during the 3rd quarter. Dynasty Wealth Management LLC now owns 582,095 shares of the company’s stock valued at $113,218,000 after acquiring an additional 90,195 shares during the period. Cabot Wealth Management Inc. boosted its holdings in iShares MSCI USA Quality Factor ETF by 8.7% during the 3rd quarter. Cabot Wealth Management Inc. now owns 42,044 shares of the company’s stock valued at $8,177,000 after acquiring an additional 3,369 shares during the period. Insight Inv LLC bought a new position in iShares MSCI USA Quality Factor ETF in the 3rd quarter valued at $1,016,000. Finally, CGC Financial Services LLC grew its position in iShares MSCI USA Quality Factor ETF by 846.1% in the 3rd quarter. CGC Financial Services LLC now owns 149,619 shares of the company’s stock valued at $29,101,000 after acquiring an additional 133,804 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Up 0.4%

QUAL stock opened at $194.12 on Thursday. iShares MSCI USA Quality Factor ETF has a twelve month low of $148.34 and a twelve month high of $205.65. The firm has a market cap of $56.29 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. The business’s fifty day simple moving average is $201.08 and its two-hundred day simple moving average is $197.96.

iShares MSCI USA Quality Factor ETF Company 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.