Shum Financial Group Inc. Acquires New Holdings in iShares MSCI USA Quality Factor ETF $QUAL

Shum Financial Group Inc. bought a new position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) in the third quarter, HoldingsChannel reports. The firm bought 29,477 shares of the company’s stock, valued at approximately $5,733,000. iShares MSCI USA Quality Factor ETF comprises about 4.3% of Shum Financial Group Inc.’s holdings, making the stock its 3rd biggest holding.

Several other institutional investors and hedge funds also recently modified their holdings of QUAL. Galvin Gaustad & Stein LLC increased its stake in shares of iShares MSCI USA Quality Factor ETF by 2.6% during the 2nd quarter. Galvin Gaustad & Stein LLC now owns 2,095 shares of the company’s stock worth $383,000 after purchasing an additional 54 shares in the last quarter. Cape Investment Advisory Inc. lifted its stake in iShares MSCI USA Quality Factor ETF by 2.3% in the 2nd quarter. Cape Investment Advisory Inc. now owns 2,517 shares of the company’s stock valued at $460,000 after buying an additional 57 shares in the last quarter. Atlas Brown Inc. grew its holdings in iShares MSCI USA Quality Factor ETF by 2.0% during the 3rd quarter. Atlas Brown Inc. now owns 2,889 shares of the company’s stock valued at $562,000 after buying an additional 57 shares during the last quarter. GFG Capital LLC increased its position in iShares MSCI USA Quality Factor ETF by 4.3% during the third quarter. GFG Capital LLC now owns 1,442 shares of the company’s stock worth $280,000 after buying an additional 59 shares in the last quarter. Finally, Global Financial Private Client LLC increased its position in 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 worth $1,955,000 after buying an additional 60 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Stock Up 13.3%

BATS QUAL opened at $200.07 on Wednesday. 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 business has a fifty day moving average of $197.04 and a 200-day moving average of $191.01. The stock has a market cap of $58.01 billion, a price-to-earnings 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. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.