Connecticut Wealth Management LLC Raises Stock Holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Connecticut Wealth Management LLC lifted its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 0.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,534,066 shares of the company’s stock after buying an additional 6,401 shares during the quarter. iShares MSCI USA Quality Factor ETF makes up about 13.5% of Connecticut Wealth Management LLC’s investment portfolio, making the stock its largest position. Connecticut Wealth Management LLC owned about 0.58% of iShares MSCI USA Quality Factor ETF worth $261,957,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. Summit Trail Advisors LLC boosted its stake in iShares MSCI USA Quality Factor ETF by 260.8% during the second quarter. Summit Trail Advisors LLC now owns 287,799 shares of the company’s stock valued at $49,145,000 after buying an additional 208,033 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in shares of iShares MSCI USA Quality Factor ETF by 7.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,004,573 shares of the company’s stock valued at $171,542,000 after acquiring an additional 70,980 shares during the last quarter. Bridges Investment Management Inc. grew its holdings in shares of iShares MSCI USA Quality Factor ETF by 1,347.5% in the second quarter. Bridges Investment Management Inc. now owns 27,373 shares of the company’s stock valued at $4,674,000 after purchasing an additional 25,482 shares in the last quarter. Haverford Financial Services Inc. purchased a new stake in iShares MSCI USA Quality Factor ETF during the second quarter valued at $1,390,000. Finally, Hsbc Holdings PLC raised its stake in iShares MSCI USA Quality Factor ETF by 12.8% during the second quarter. Hsbc Holdings PLC now owns 102,754 shares of the company’s stock valued at $17,546,000 after purchasing an additional 11,671 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Stock Down 0.3 %

Shares of BATS:QUAL opened at $178.40 on Friday. The firm has a fifty day simple moving average of $172.96 and a two-hundred day simple moving average of $167.78. iShares MSCI USA Quality Factor ETF has a 52 week low of $71.96 and a 52 week high of $88.63. The stock has a market capitalization of $47.08 billion, a P/E ratio of 23.03 and a beta of 1.03.

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.