Cullen Frost Bankers Inc. Boosts Stock Position in iShares MSCI USA Quality Factor ETF $QUAL

Cullen Frost Bankers Inc. boosted its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 2,239.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,509 shares of the company’s stock after acquiring an additional 3,359 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $683,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. PMG Wealth Management Inc. lifted its holdings in shares of iShares MSCI USA Quality Factor ETF by 2.1% during the third quarter. PMG Wealth Management Inc. now owns 43,135 shares of the company’s stock worth $8,375,000 after purchasing an additional 899 shares during the period. Patten & Patten Inc. TN purchased a new position in iShares MSCI USA Quality Factor ETF during the 3rd quarter worth $2,149,000. Frazier Financial Advisors LLC acquired a new stake in shares of iShares MSCI USA Quality Factor ETF in the 3rd quarter worth $50,000. Sagespring Wealth Partners LLC boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 43.6% in the third quarter. Sagespring Wealth Partners LLC now owns 564,406 shares of the company’s stock valued at $109,777,000 after acquiring an additional 171,368 shares in the last quarter. Finally, Global Assets Advisory LLC acquired a new position in shares of iShares MSCI USA Quality Factor ETF during the third quarter worth about $205,000.

iShares MSCI USA Quality Factor ETF Stock Up 15.6%

BATS QUAL opened at $204.15 on Wednesday. The stock has a market capitalization of $59.19 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 $148.34 and a 52-week high of $187.26. The firm has a 50-day moving average price of $199.70 and a 200 day moving average price of $193.96.

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