Elevation Capital Advisory LLC Buys Shares of 19,503 iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Elevation Capital Advisory LLC purchased a new position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 19,503 shares of the company’s stock, valued at approximately $3,330,000. iShares MSCI USA Quality Factor ETF comprises approximately 1.5% of Elevation Capital Advisory LLC’s holdings, making the stock its 25th biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in QUAL. Northeast Financial Consultants Inc increased its holdings in iShares MSCI USA Quality Factor ETF by 3.5% during the 2nd quarter. Northeast Financial Consultants Inc now owns 45,942 shares of the company’s stock valued at $7,845,000 after acquiring an additional 1,548 shares in the last quarter. Silver Lake Advisory LLC acquired a new stake in shares of iShares MSCI USA Quality Factor ETF in the second quarter valued at approximately $3,100,000. Creative Planning grew its position in shares of iShares MSCI USA Quality Factor ETF by 4.4% in the second quarter. Creative Planning now owns 64,845 shares of the company’s stock valued at $11,073,000 after purchasing an additional 2,754 shares during the last quarter. Magnolia Capital Advisors LLC increased its stake in shares of iShares MSCI USA Quality Factor ETF by 375.3% during the 2nd quarter. Magnolia Capital Advisors LLC now owns 227,453 shares of the company’s stock worth $38,840,000 after purchasing an additional 179,595 shares in the last quarter. Finally, Annandale Capital LLC raised its position in shares of iShares MSCI USA Quality Factor ETF by 1.4% during the 2nd quarter. Annandale Capital LLC now owns 26,500 shares of the company’s stock worth $4,525,000 after purchasing an additional 363 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of BATS:QUAL opened at $178.69 on Friday. The business’s fifty day moving average price is $173.50 and its two-hundred day moving average price is $168.38. The stock has a market cap of $47.16 billion, a PE ratio of 23.03 and a beta of 1.03. iShares MSCI USA Quality Factor ETF has a one year low of $71.96 and a one year high of $88.63.

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.