Waterway Wealth Management LLC Invests $479,000 in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Waterway Wealth Management LLC acquired a new position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 2,912 shares of the company’s stock, valued at approximately $479,000.

Several other institutional investors have also modified their holdings of the company. Avalon Capital Management lifted its position in shares of iShares MSCI USA Quality Factor ETF by 240.4% during the 1st quarter. Avalon Capital Management now owns 32,008 shares of the company’s stock worth $5,261,000 after purchasing an additional 22,606 shares during the last quarter. Richardson Capital Management LLC purchased a new stake in iShares MSCI USA Quality Factor ETF in the first quarter valued at $60,000. Physician Wealth Advisors Inc. lifted its position in iShares MSCI USA Quality Factor ETF by 4.4% in the first quarter. Physician Wealth Advisors Inc. now owns 106,460 shares of the company’s stock valued at $16,855,000 after acquiring an additional 4,468 shares during the last quarter. Founders Financial Securities LLC lifted its position in iShares MSCI USA Quality Factor ETF by 21.2% in the first quarter. Founders Financial Securities LLC now owns 93,271 shares of the company’s stock valued at $15,329,000 after acquiring an additional 16,287 shares during the last quarter. Finally, Atticus Wealth Management LLC lifted its position in iShares MSCI USA Quality Factor ETF by 23.0% in the first quarter. Atticus Wealth Management LLC now owns 6,344 shares of the company’s stock valued at $1,043,000 after acquiring an additional 1,187 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Down 0.6 %

QUAL traded down $0.98 on Friday, reaching $170.76. The company had a trading volume of 1,007,535 shares. iShares MSCI USA Quality Factor ETF has a 1 year low of $71.96 and a 1 year high of $88.63. The stock has a market capitalization of $45.06 billion, a PE ratio of 23.03 and a beta of 1.03. The stock has a 50-day moving average price of $165.56 and a 200-day moving average price of $159.11.

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.