Midwestern Financial LLC IA Takes Position in iShares MSCI USA Quality Factor ETF $QUAL

Midwestern Financial LLC IA bought a new position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 11,185 shares of the company’s stock, valued at approximately $2,045,000. iShares MSCI USA Quality Factor ETF comprises 1.9% of Midwestern Financial LLC IA’s portfolio, making the stock its 18th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 2.0% in the second quarter. Envestnet Asset Management Inc. now owns 32,478,050 shares of the company’s stock valued at $5,937,618,000 after purchasing an additional 624,581 shares during the period. JPMorgan Chase & Co. boosted its position in iShares MSCI USA Quality Factor ETF by 0.7% in the second quarter. JPMorgan Chase & Co. now owns 7,012,339 shares of the company’s stock valued at $1,281,996,000 after buying an additional 50,889 shares during the last quarter. Ameriprise Financial Inc. boosted its position in iShares MSCI USA Quality Factor ETF by 6.7% in the first quarter. Ameriprise Financial Inc. now owns 5,143,391 shares of the company’s stock valued at $878,890,000 after buying an additional 324,478 shares during the last quarter. Cerity Partners LLC increased its holdings in iShares MSCI USA Quality Factor ETF by 39.6% in the 2nd quarter. Cerity Partners LLC now owns 3,755,880 shares of the company’s stock worth $686,910,000 after buying an additional 1,065,946 shares during the period. Finally, MML Investors Services LLC raised its position in iShares MSCI USA Quality Factor ETF by 1.3% during the 2nd quarter. MML Investors Services LLC now owns 3,454,291 shares of the company’s stock worth $631,514,000 after buying an additional 44,285 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Trading Up 12.9%

Shares of BATS QUAL opened at $199.47 on Friday. The company has a 50 day simple moving average of $195.81 and a two-hundred day simple moving average of $189.19. The stock has a market cap of $57.84 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 12 month low of $148.34 and a 12 month high of $187.26.

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.