iShares MSCI USA Quality Factor ETF (BATS:QUAL) Stock Position Raised by Pinnacle Wealth Management Advisory Group LLC

Pinnacle Wealth Management Advisory Group LLC boosted its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 2.6% during the 4th quarter, HoldingsChannel reports. The firm owned 235,580 shares of the company’s stock after purchasing an additional 6,054 shares during the period. iShares MSCI USA Quality Factor ETF comprises about 4.1% of Pinnacle Wealth Management Advisory Group LLC’s investment portfolio, making the stock its 2nd biggest position. Pinnacle Wealth Management Advisory Group LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $34,663,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Independent Advisor Alliance lifted its position in iShares MSCI USA Quality Factor ETF by 7.4% during the third quarter. Independent Advisor Alliance now owns 2,052 shares of the company’s stock valued at $270,000 after purchasing an additional 141 shares in the last quarter. Brown Advisory Inc. lifted its position in shares of iShares MSCI USA Quality Factor ETF by 2.1% during the 3rd quarter. Brown Advisory Inc. now owns 52,797 shares of the company’s stock valued at $6,958,000 after buying an additional 1,111 shares in the last quarter. Verdence Capital Advisors LLC grew its stake in shares of iShares MSCI USA Quality Factor ETF by 90.4% during the 3rd quarter. Verdence Capital Advisors LLC now owns 6,176 shares of the company’s stock valued at $814,000 after acquiring an additional 2,932 shares during the period. Brighton Jones LLC increased its holdings in iShares MSCI USA Quality Factor ETF by 2.2% in the 3rd quarter. Brighton Jones LLC now owns 6,162 shares of the company’s stock worth $812,000 after acquiring an additional 132 shares in the last quarter. Finally, Castleview Partners LLC raised its stake in iShares MSCI USA Quality Factor ETF by 22.9% during the 3rd quarter. Castleview Partners LLC now owns 552 shares of the company’s stock worth $73,000 after acquiring an additional 103 shares during the period.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of BATS QUAL remained flat at $161.86 during mid-day trading on Thursday. 852,555 shares of the stock were exchanged. iShares MSCI USA Quality Factor ETF has a 12-month low of $71.96 and a 12-month high of $88.63. The firm has a market cap of $42.71 billion, a PE ratio of 23.03 and a beta of 1.03. The stock’s 50 day moving average price is $161.04 and its 200-day moving average price is $151.17.

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.