Howard Financial Services LTD. Grows Stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Howard Financial Services LTD. grew its holdings in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 13.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 437,769 shares of the company’s stock after purchasing an additional 52,269 shares during the quarter. iShares MSCI USA Quality Factor ETF comprises about 11.3% of Howard Financial Services LTD.’s investment portfolio, making the stock its biggest position. Howard Financial Services LTD. owned approximately 0.17% of iShares MSCI USA Quality Factor ETF worth $78,492,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Halpern Financial Inc. bought a new position in iShares MSCI USA Quality Factor ETF in the 3rd quarter worth $26,000. Unique Wealth Strategies LLC bought a new position in iShares MSCI USA Quality Factor ETF in the 2nd quarter worth $37,000. MCF Advisors LLC bought a new position in iShares MSCI USA Quality Factor ETF in the 1st quarter worth $37,000. Opal Wealth Advisors LLC bought a new position in iShares MSCI USA Quality Factor ETF in the 2nd quarter worth $41,000. Finally, City State Bank raised its holdings in iShares MSCI USA Quality Factor ETF by 123.7% in the 1st quarter. City State Bank now owns 255 shares of the company’s stock worth $42,000 after acquiring an additional 141 shares during the period.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of QUAL opened at $179.38 on Wednesday. The company has a market capitalization of $47.34 billion, a PE ratio of 23.03 and a beta of 1.03. iShares MSCI USA Quality Factor ETF has a one year low of $71.96 and a one year high of $88.63. The company’s fifty day moving average price is $174.74 and its 200 day moving average price is $169.19.

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.