Cornerstone Planning Group LLC Acquires 4,315 Shares of iShares MSCI USA Quality Factor ETF $QUAL

Cornerstone Planning Group LLC raised its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 33.9% in the first quarter, HoldingsChannel reports. The institutional investor owned 17,053 shares of the company’s stock after acquiring an additional 4,315 shares during the period. Cornerstone Planning Group LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $3,538,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gryphon Financial Partners LLC raised its position in shares of iShares MSCI USA Quality Factor ETF by 3.5% during the first quarter. Gryphon Financial Partners LLC now owns 9,275 shares of the company’s stock valued at $1,779,000 after buying an additional 310 shares during the last quarter. Fiscal Wisdom Wealth Management LLC boosted its position in shares of iShares MSCI USA Quality Factor ETF by 38.1% during the first quarter. Fiscal Wisdom Wealth Management LLC now owns 1,416 shares of the company’s stock worth $272,000 after acquiring an additional 391 shares during the last quarter. Bessemer Group Inc. grew its stake in iShares MSCI USA Quality Factor ETF by 3.4% during the first quarter. Bessemer Group Inc. now owns 15,534 shares of the company’s stock valued at $2,980,000 after acquiring an additional 505 shares in the last quarter. Frisch Financial Group Inc. grew its stake in iShares MSCI USA Quality Factor ETF by 244.8% during the first quarter. Frisch Financial Group Inc. now owns 59,395 shares of the company’s stock valued at $11,393,000 after acquiring an additional 42,169 shares in the last quarter. Finally, Independent Financial Group LLC purchased a new position in iShares MSCI USA Quality Factor ETF during the first quarter valued at $6,282,000.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of BATS QUAL opened at $217.87 on Friday. The company has a market cap of $63.17 billion, a P/E ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 52-week low of $181.65 and a 52-week high of $221.16. The firm’s fifty day moving average is $215.49 and its two-hundred day moving average is $206.19.

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. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.