Family Asset Management LLC Has $10.31 Million Holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Family Asset Management LLC boosted its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 5.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 57,477 shares of the company’s stock after buying an additional 2,854 shares during the quarter. iShares MSCI USA Quality Factor ETF makes up about 6.2% of Family Asset Management LLC’s holdings, making the stock its 2nd biggest holding. Family Asset Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $10,306,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Halpern Financial Inc. bought a new stake in iShares MSCI USA Quality Factor ETF during the 3rd quarter valued at $26,000. Barrett & Company Inc. bought a new stake in iShares MSCI USA Quality Factor ETF during the 3rd quarter valued at $27,000. Voisard Asset Management Group Inc. bought a new stake in iShares MSCI USA Quality Factor ETF during the 3rd quarter valued at $27,000. Centennial Bank AR bought a new stake in iShares MSCI USA Quality Factor ETF during the 3rd quarter valued at $29,000. Finally, Unique Wealth Strategies LLC bought a new stake in iShares MSCI USA Quality Factor ETF during the 2nd quarter valued at $37,000.

iShares MSCI USA Quality Factor ETF Stock Performance

BATS:QUAL traded up $1.80 during midday trading on Wednesday, reaching $178.69. 828,545 shares of the stock traded hands. iShares MSCI USA Quality Factor ETF has a 12 month low of $71.96 and a 12 month high of $88.63. The stock has a market capitalization of $47.16 billion, a P/E ratio of 23.03 and a beta of 1.03. The company has a fifty day moving average of $178.19 and a 200 day moving average of $171.86.

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.