Summit Investment Advisory Services LLC Makes New Investment in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Summit Investment Advisory Services LLC acquired a new stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 1,566 shares of the company’s stock, valued at approximately $230,000.

Other hedge funds have also modified their holdings of the company. Frank Rimerman Advisors LLC purchased a new position in iShares MSCI USA Quality Factor ETF in the second quarter valued at $209,000. Western Wealth Management LLC increased its holdings in iShares MSCI USA Quality Factor ETF by 6.8% in the third quarter. Western Wealth Management LLC now owns 34,205 shares of the company’s stock valued at $4,508,000 after buying an additional 2,163 shares during the last quarter. Horizon Investments LLC increased its holdings in iShares MSCI USA Quality Factor ETF by 28.4% in the second quarter. Horizon Investments LLC now owns 2,307,722 shares of the company’s stock valued at $311,242,000 after buying an additional 511,077 shares during the last quarter. US Bancorp DE increased its holdings in iShares MSCI USA Quality Factor ETF by 22.9% in the third quarter. US Bancorp DE now owns 480,752 shares of the company’s stock valued at $63,358,000 after buying an additional 89,648 shares during the last quarter. Finally, TruWealth Advisors LLC purchased a new position in iShares MSCI USA Quality Factor ETF in the fourth quarter valued at $2,157,000.

iShares MSCI USA Quality Factor ETF Trading Up 0.1 %

BATS:QUAL traded up $0.19 during trading hours on Friday, hitting $164.35. The company’s stock had a trading volume of 1,573,281 shares. The stock has a market capitalization of $37.17 billion, a P/E ratio of 16.30 and a beta of 1.03. The stock has a fifty day moving average of $158.49 and a 200-day moving average of $145.90. iShares MSCI USA Quality Factor ETF has a 52-week low of $71.96 and a 52-week high of $88.63.

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.