Sovereign Financial Group Inc. Increases Stock Position in iShares MSCI USA Quality Factor ETF $QUAL

Sovereign Financial Group Inc. boosted its stake in iShares MSCI USA Quality Factor ETF (BATS:QUALFree Report) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,214 shares of the company’s stock after purchasing an additional 202 shares during the quarter. Sovereign Financial Group Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $2,416,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Galvin Gaustad & Stein LLC lifted its stake in iShares MSCI USA Quality Factor ETF by 2.6% in the 2nd quarter. Galvin Gaustad & Stein LLC now owns 2,095 shares of the company’s stock worth $383,000 after purchasing an additional 54 shares in the last quarter. Global Financial Private Client LLC lifted its stake in iShares MSCI USA Quality Factor ETF by 0.6% in the 2nd quarter. Global Financial Private Client LLC now owns 10,696 shares of the company’s stock worth $1,955,000 after purchasing an additional 60 shares in the last quarter. L. Roy Papp & Associates LLP raised its position in shares of iShares MSCI USA Quality Factor ETF by 2.5% during the 2nd quarter. L. Roy Papp & Associates LLP now owns 2,461 shares of the company’s stock valued at $450,000 after buying an additional 60 shares in the last quarter. Acorn Wealth Advisors LLC raised its position in shares of iShares MSCI USA Quality Factor ETF by 0.4% during the 1st quarter. Acorn Wealth Advisors LLC now owns 14,431 shares of the company’s stock valued at $2,466,000 after buying an additional 62 shares in the last quarter. Finally, Citizens National Bank Trust Department raised its position in shares of iShares MSCI USA Quality Factor ETF by 2.6% during the 1st quarter. Citizens National Bank Trust Department now owns 2,606 shares of the company’s stock valued at $445,000 after buying an additional 66 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Trading Up 8.1%

Shares of BATS QUAL opened at $190.99 on Friday. The firm’s 50-day moving average price is $190.33 and its 200-day moving average price is $180.41. The stock has a market capitalization of $55.38 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 12-month low of $148.34 and a 12-month high of $187.26.

About iShares MSCI USA Quality Factor ETF

(Free Report)

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.

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Institutional Ownership by Quarter for iShares MSCI USA Quality Factor ETF (BATS:QUAL)

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