Ballast Rock Private Wealth LLC Takes $538,000 Position in iShares MSCI USA Quality Factor ETF $QUAL

Ballast Rock Private Wealth LLC bought a new position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) during the 1st quarter, HoldingsChannel reports. The fund bought 2,803 shares of the company’s stock, valued at approximately $538,000.

Other hedge funds have also made changes to their positions in the company. Advocate Investing Services LLC bought a new position in iShares MSCI USA Quality Factor ETF during the 4th quarter valued at about $25,000. Resources Management Corp CT ADV acquired a new stake in shares of iShares MSCI USA Quality Factor ETF during the fourth quarter worth approximately $27,000. Financial Life Planners bought a new position in shares of iShares MSCI USA Quality Factor ETF in the third quarter valued at approximately $28,000. Ares Financial Consulting LLC bought a new position in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter valued at approximately $30,000. Finally, Cornerstone Financial Management LLC bought a new position in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter valued at approximately $30,000.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of QUAL opened at $215.89 on Monday. The company has a market capitalization of $62.60 billion, a P/E ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a one year low of $175.20 and a one year high of $219.82. The business’s 50 day simple moving average is $210.83 and its 200-day simple moving average is $203.69.

About iShares MSCI USA Quality Factor ETF

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.