Single Point Partners LLC Takes Position in iShares MSCI USA Quality Factor ETF $QUAL

Single Point Partners LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 1,144 shares of the company’s stock, valued at approximately $209,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC increased its position in shares of iShares MSCI USA Quality Factor ETF by 25.3% in the fourth quarter. Brighton Jones LLC now owns 10,028 shares of the company’s stock worth $1,786,000 after purchasing an additional 2,023 shares during the last quarter. Heck Capital Advisors LLC bought a new position in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter worth approximately $81,990,000. Bison Wealth LLC increased its position in shares of iShares MSCI USA Quality Factor ETF by 21.6% in the fourth quarter. Bison Wealth LLC now owns 19,062 shares of the company’s stock worth $3,395,000 after purchasing an additional 3,383 shares during the last quarter. NBC Securities Inc. increased its position in shares of iShares MSCI USA Quality Factor ETF by 130,450.0% in the first quarter. NBC Securities Inc. now owns 2,611 shares of the company’s stock worth $446,000 after purchasing an additional 2,609 shares during the last quarter. Finally, Foster Group Inc. increased its position in shares of iShares MSCI USA Quality Factor ETF by 2.5% in the first quarter. Foster Group Inc. now owns 674,001 shares of the company’s stock worth $115,180,000 after purchasing an additional 16,730 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Trading Up 11.2%

QUAL stock opened at $196.47 on Friday. The company’s 50 day moving average is $189.31 and its 200 day moving average is $179.59. The stock has a market cap of $56.97 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 1-year low of $148.34 and a 1-year high of $187.26.

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.