Prasad Wealth Partners LLC Buys New Shares in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Prasad Wealth Partners LLC purchased a new position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,339 shares of the company’s stock, valued at approximately $238,000.

A number of other hedge funds also recently made changes to their positions in the stock. BankPlus Trust Department purchased a new position in shares of iShares MSCI USA Quality Factor ETF in the 4th quarter worth $27,000. Crestwood Advisors Group LLC lifted its stake in shares of iShares MSCI USA Quality Factor ETF by 48.5% in the 4th quarter. Crestwood Advisors Group LLC now owns 44,239 shares of the company’s stock valued at $7,878,000 after purchasing an additional 14,448 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of iShares MSCI USA Quality Factor ETF by 4.5% in the 4th quarter. IFP Advisors Inc now owns 70,552 shares of the company’s stock valued at $12,564,000 after purchasing an additional 3,016 shares in the last quarter. Asset Advisors Investment Management LLC grew its holdings in shares of iShares MSCI USA Quality Factor ETF by 4.2% during the 4th quarter. Asset Advisors Investment Management LLC now owns 49,848 shares of the company’s stock worth $8,877,000 after purchasing an additional 2,021 shares during the period. Finally, Genesis Wealth Advisors LLC acquired a new stake in iShares MSCI USA Quality Factor ETF during the 4th quarter worth approximately $898,000.

iShares MSCI USA Quality Factor ETF Stock Up 3.0 %

Shares of QUAL stock opened at $181.92 on Tuesday. 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 firm’s 50 day moving average price is $181.78 and its two-hundred day moving average price is $180.14. The stock has a market cap of $48.01 billion, a price-to-earnings ratio of 23.03 and a beta of 1.03.

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.