ADG Wealth Management Group LLC Makes New $2.05 Million Investment in iShares MSCI USA Quality Factor ETF $QUAL

ADG Wealth Management Group LLC purchased a new position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,215 shares of the company’s stock, valued at approximately $2,050,000. iShares MSCI USA Quality Factor ETF makes up approximately 1.7% of ADG Wealth Management Group LLC’s holdings, making the stock its 13th largest holding.

A number of other institutional investors have also recently bought and sold shares of QUAL. Brighton Jones LLC boosted its stake in iShares MSCI USA Quality Factor ETF by 25.3% during the fourth quarter. Brighton Jones LLC now owns 10,028 shares of the company’s stock worth $1,786,000 after buying an additional 2,023 shares in the last quarter. Heck Capital Advisors LLC acquired a new stake in iShares MSCI USA Quality Factor ETF during the fourth quarter worth $81,990,000. Bison Wealth LLC lifted its holdings in shares of iShares MSCI USA Quality Factor ETF by 21.6% during the fourth quarter. Bison Wealth LLC now owns 19,062 shares of the company’s stock valued at $3,395,000 after acquiring an additional 3,383 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of iShares MSCI USA Quality Factor ETF by 9.3% during the first quarter. Envestnet Asset Management Inc. now owns 31,853,469 shares of the company’s stock valued at $5,443,439,000 after acquiring an additional 2,711,718 shares during the period. Finally, Wood Tarver Financial Group LLC lifted its holdings in shares of iShares MSCI USA Quality Factor ETF by 7.0% during the first quarter. Wood Tarver Financial Group LLC now owns 65,371 shares of the company’s stock valued at $11,171,000 after acquiring an additional 4,262 shares during the period.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of BATS QUAL opened at $195.96 on Tuesday. The stock has a market cap of $56.82 billion, a PE ratio of 25.59 and a beta of 1.05. The business has a fifty day moving average of $193.16 and a two-hundred day moving average of $184.33. iShares MSCI USA Quality Factor ETF has a 52-week low of $148.34 and a 52-week high of $187.26.

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.