Connecticut Wealth Management LLC Acquires 14,511 Shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Connecticut Wealth Management LLC increased its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 1.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,527,665 shares of the company’s stock after buying an additional 14,511 shares during the period. iShares MSCI USA Quality Factor ETF makes up about 13.4% of Connecticut Wealth Management LLC’s investment portfolio, making the stock its biggest position. Connecticut Wealth Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $251,072,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC purchased a new stake in iShares MSCI USA Quality Factor ETF during the 3rd quarter worth $25,000. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of iShares MSCI USA Quality Factor ETF in the 4th quarter worth about $28,000. Thompson Investment Management Inc. bought a new stake in shares of iShares MSCI USA Quality Factor ETF in the 4th quarter worth about $34,000. MCF Advisors LLC bought a new stake in shares of iShares MSCI USA Quality Factor ETF in the 1st quarter worth about $37,000. Finally, City State Bank increased its position in shares of iShares MSCI USA Quality Factor ETF by 123.7% in the 1st quarter. City State Bank now owns 255 shares of the company’s stock worth $42,000 after purchasing an additional 141 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Up 0.7 %

Shares of QUAL traded up $1.20 during midday trading on Friday, hitting $173.41. The company had a trading volume of 976,678 shares. The company’s 50 day moving average price is $167.01 and its 200 day moving average price is $159.90. The stock has a market cap of $45.76 billion, a price-to-earnings ratio of 23.03 and a beta of 1.03. iShares MSCI USA Quality Factor ETF has a 52 week low of $71.96 and a 52 week high of $88.63.

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.