Cannon Financial Strategists Inc. Acquires Shares of 1,302 iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Cannon Financial Strategists Inc. bought a new position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,302 shares of the company’s stock, valued at approximately $222,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Envestnet Asset Management Inc. increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 3.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 28,038,014 shares of the company’s stock worth $4,787,771,000 after acquiring an additional 999,735 shares during the period. Cetera Investment Advisers increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 141.3% in the 1st quarter. Cetera Investment Advisers now owns 1,677,664 shares of the company’s stock worth $275,724,000 after acquiring an additional 982,323 shares during the period. Scarborough Advisors LLC increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 1,460.0% in the 4th quarter. Scarborough Advisors LLC now owns 973,510 shares of the company’s stock worth $143,242,000 after acquiring an additional 911,104 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 21.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,808,994 shares of the company’s stock worth $821,412,000 after acquiring an additional 863,219 shares during the period. Finally, LPL Financial LLC increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 5.6% in the 2nd quarter. LPL Financial LLC now owns 13,774,967 shares of the company’s stock worth $2,352,213,000 after acquiring an additional 727,760 shares during the period.

iShares MSCI USA Quality Factor ETF Stock Down 0.6 %

QUAL stock opened at $178.16 on Wednesday. iShares MSCI USA Quality Factor ETF has a fifty-two week low of $71.96 and a fifty-two week high of $88.63. The firm’s 50-day simple moving average is $173.74 and its 200 day simple moving average is $168.68. The stock has a market cap of $47.02 billion, a PE 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.