Arax Advisory Partners Takes $12.26 Million Position in iShares MSCI USA Quality Factor ETF $QUAL

Arax Advisory Partners acquired a new stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 61,717 shares of the company’s stock, valued at approximately $12,258,000.

Several other hedge funds also recently modified their holdings of the stock. WealthBridge Capital Management LLC increased its stake in shares of iShares MSCI USA Quality Factor ETF by 3.7% in the 4th quarter. WealthBridge Capital Management LLC now owns 1,395 shares of the company’s stock valued at $277,000 after acquiring an additional 50 shares in the last quarter. Empire Life Investments Inc. increased its stake in shares of iShares MSCI USA Quality Factor ETF by 0.8% in the 4th quarter. Empire Life Investments Inc. now owns 6,150 shares of the company’s stock valued at $1,222,000 after acquiring an additional 50 shares in the last quarter. Tompkins Financial Corp increased its stake in shares of iShares MSCI USA Quality Factor ETF by 17.8% in the 4th quarter. Tompkins Financial Corp now owns 344 shares of the company’s stock valued at $68,000 after acquiring an additional 52 shares in the last quarter. First Command Advisory Services Inc. increased its stake in shares of iShares MSCI USA Quality Factor ETF by 16.5% in the 4th quarter. First Command Advisory Services Inc. now owns 374 shares of the company’s stock valued at $74,000 after acquiring an additional 53 shares in the last quarter. Finally, Members Trust Co increased its stake in shares of iShares MSCI USA Quality Factor ETF by 4.3% in the 3rd quarter. Members Trust Co now owns 1,384 shares of the company’s stock valued at $269,000 after acquiring an additional 57 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Stock Up 0.5%

BATS:QUAL opened at $216.91 on Friday. The company has a fifty day moving average of $208.62 and a 200-day moving average of $202.94. The firm has a market capitalization of $62.89 billion, a P/E ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a twelve month low of $175.20 and a twelve month high of $217.65.

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