Sax Wealth Advisors LLC Has $82.89 Million Position in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Sax Wealth Advisors LLC raised its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 17.8% during the 4th quarter, Holdings Channel reports. The fund owned 465,488 shares of the company’s stock after purchasing an additional 70,262 shares during the period. iShares MSCI USA Quality Factor ETF comprises approximately 6.5% of Sax Wealth Advisors LLC’s holdings, making the stock its 2nd largest position. Sax Wealth Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $82,894,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in QUAL. Merit Financial Group LLC lifted its position in iShares MSCI USA Quality Factor ETF by 78.4% during the fourth quarter. Merit Financial Group LLC now owns 195,989 shares of the company’s stock valued at $34,902,000 after acquiring an additional 86,138 shares during the last quarter. Procyon Advisors LLC increased its position in shares of iShares MSCI USA Quality Factor ETF by 156.0% during the fourth quarter. Procyon Advisors LLC now owns 3,466 shares of the company’s stock worth $617,000 after purchasing an additional 2,112 shares in the last quarter. Everpar Advisors LLC lifted its holdings in shares of iShares MSCI USA Quality Factor ETF by 7.8% during the 4th quarter. Everpar Advisors LLC now owns 6,684 shares of the company’s stock valued at $1,190,000 after purchasing an additional 483 shares during the last quarter. RDA Financial Network boosted its position in shares of iShares MSCI USA Quality Factor ETF by 27.4% in the 4th quarter. RDA Financial Network now owns 11,941 shares of the company’s stock worth $2,126,000 after purchasing an additional 2,568 shares in the last quarter. Finally, Channel Wealth LLC purchased a new position in iShares MSCI USA Quality Factor ETF during the 4th quarter worth $348,000.

iShares MSCI USA Quality Factor ETF Stock Performance

iShares MSCI USA Quality Factor ETF stock opened at $180.68 on Friday. iShares MSCI USA Quality Factor ETF has a one year low of $71.96 and a one year high of $88.63. The stock has a market cap of $47.68 billion, a PE ratio of 23.03 and a beta of 1.03. The stock has a 50-day moving average of $181.78 and a two-hundred day moving average of $177.74.

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.