Frisch Financial Group Inc. Buys 42,169 Shares of iShares MSCI USA Quality Factor ETF $QUAL

Frisch Financial Group Inc. increased its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 244.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,395 shares of the company’s stock after acquiring an additional 42,169 shares during the quarter. iShares MSCI USA Quality Factor ETF comprises approximately 2.4% of Frisch Financial Group Inc.’s investment portfolio, making the stock its 11th biggest holding. Frisch Financial Group Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $11,393,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Advocate Investing Services LLC acquired a new position in shares of iShares MSCI USA Quality Factor ETF during the 4th quarter worth about $25,000. Resources Management Corp CT ADV bought a new stake in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter valued at approximately $27,000. Financial Life Planners acquired a new stake in shares of iShares MSCI USA Quality Factor ETF during the 1st quarter worth $28,000. Ares Financial Consulting LLC acquired a new stake in iShares MSCI USA Quality Factor ETF during the fourth quarter worth about $30,000. Finally, Cornerstone Financial Management LLC acquired a new position in shares of iShares MSCI USA Quality Factor ETF in the 4th quarter valued at approximately $30,000.

iShares MSCI USA Quality Factor ETF Stock Performance

BATS QUAL opened at $220.66 on Friday. The firm’s fifty day moving average price is $215.34 and its two-hundred day moving average price is $206.11. iShares MSCI USA Quality Factor ETF has a fifty-two week low of $181.65 and a fifty-two week high of $221.16. The stock has a market cap of $63.98 billion, a PE ratio of 25.59 and a beta of 1.05.

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.