1,577 Shares in iShares MSCI USA Quality Factor ETF (BATS:QUAL) Purchased by Summit Investment Advisory Services LLC

Summit Investment Advisory Services LLC purchased a new stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,577 shares of the company’s stock, valued at approximately $283,000.

Several other hedge funds have also recently bought and sold shares of QUAL. Halpern Financial Inc. bought a new stake in shares of iShares MSCI USA Quality Factor ETF in the third quarter valued at about $26,000. MCF Advisors LLC bought a new stake in iShares MSCI USA Quality Factor ETF in the 1st quarter valued at about $37,000. Unique Wealth Strategies LLC acquired a new position in shares of iShares MSCI USA Quality Factor ETF during the 2nd quarter worth approximately $37,000. Opal Wealth Advisors LLC bought a new position in shares of iShares MSCI USA Quality Factor ETF during the second quarter worth approximately $41,000. Finally, City State Bank raised its position in shares of iShares MSCI USA Quality Factor ETF by 123.7% in the first quarter. City State Bank now owns 255 shares of the company’s stock valued at $42,000 after buying an additional 141 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Stock Up 0.5 %

Shares of QUAL traded up $0.97 during trading hours on Thursday, hitting $181.91. 836,110 shares of the company were exchanged. iShares MSCI USA Quality Factor ETF has a fifty-two week low of $71.96 and a fifty-two week high of $88.63. The company has a market cap of $48.01 billion, a price-to-earnings ratio of 23.03 and a beta of 1.03. The firm’s fifty day moving average is $176.52 and its 200 day moving average is $169.88.

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.