Arax Advisory Partners Purchases New Stake in iShares MSCI USA Quality Factor ETF $QUAL

Arax Advisory Partners purchased a new stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) in the 4th quarter, HoldingsChannel reports. The fund purchased 61,717 shares of the company’s stock, valued at approximately $12,258,000.

Other hedge funds have also bought and sold shares of the company. Hantz Financial Services Inc. acquired a new stake in iShares MSCI USA Quality Factor ETF in the 3rd quarter valued at $25,000. Advocate Investing Services LLC acquired a new stake in iShares MSCI USA Quality Factor ETF in the 4th quarter valued at $25,000. Financial Life Planners acquired a new stake in iShares MSCI USA Quality Factor ETF in the 3rd quarter valued at $28,000. Ares Financial Consulting LLC acquired a new stake in iShares MSCI USA Quality Factor ETF in the 4th quarter valued at $30,000. Finally, Decker Retirement Planning Inc. acquired a new stake in iShares MSCI USA Quality Factor ETF in the 4th quarter valued at $32,000.

iShares MSCI USA Quality Factor ETF Price Performance

QUAL opened at $216.91 on Friday. The company has a market capitalization of $62.89 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. The firm’s fifty day moving average price is $208.62 and its two-hundred day moving average price is $202.94. iShares MSCI USA Quality Factor ETF has a 1 year low of $175.20 and a 1 year high of $217.65.

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.