iShares MSCI USA Quality Factor ETF $QUAL Shares Bought by State of Michigan Retirement System

State of Michigan Retirement System increased its holdings in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 11.8% during the third quarter, HoldingsChannel.com reports. The fund owned 246,349 shares of the company’s stock after buying an additional 26,000 shares during the period. State of Michigan Retirement System’s holdings in iShares MSCI USA Quality Factor ETF were worth $47,915,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in QUAL. Hantz Financial Services Inc. acquired a new position in shares of iShares MSCI USA Quality Factor ETF during the 3rd quarter valued at about $25,000. Keener Financial Planning LLC purchased a new position in iShares MSCI USA Quality Factor ETF during the second quarter worth about $29,000. CoreFirst Bank & Trust acquired a new position in iShares MSCI USA Quality Factor ETF in the 2nd quarter valued at about $33,000. First Horizon Corp purchased a new stake in shares of iShares MSCI USA Quality Factor ETF in the 3rd quarter valued at approximately $36,000. Finally, Phillips Financial Management LLC acquired a new stake in shares of iShares MSCI USA Quality Factor ETF during the 3rd quarter worth approximately $39,000.

iShares MSCI USA Quality Factor ETF Stock Performance

QUAL stock opened at $203.85 on Friday. iShares MSCI USA Quality Factor ETF has a one year low of $148.34 and a one year high of $187.26. The firm has a market cap of $59.11 billion, a PE ratio of 25.59 and a beta of 1.05. The firm’s 50 day moving average price is $201.01 and its 200-day moving average price is $194.86.

iShares MSCI USA Quality Factor ETF 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. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.