Opes Wealth Management LLC Takes $562,000 Position in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Opes Wealth Management LLC bought a new stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,156 shares of the company’s stock, valued at approximately $562,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Valmark Advisers Inc. grew its position in shares of iShares MSCI USA Quality Factor ETF by 2.0% in the fourth quarter. Valmark Advisers Inc. now owns 9,151 shares of the company’s stock valued at $1,630,000 after purchasing an additional 179 shares during the last quarter. Stanich Group LLC bought a new stake in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter valued at approximately $4,879,000. L.M. Kohn & Company boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 42.6% in the fourth quarter. L.M. Kohn & Company now owns 9,208 shares of the company’s stock valued at $1,640,000 after buying an additional 2,749 shares during the period. Copperleaf Capital LLC boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 5.1% in the fourth quarter. Copperleaf Capital LLC now owns 23,856 shares of the company’s stock valued at $4,248,000 after buying an additional 1,167 shares during the period. Finally, Strategic Financial Concepts LLC boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 23.1% in the fourth quarter. Strategic Financial Concepts LLC now owns 3,404 shares of the company’s stock valued at $606,000 after buying an additional 639 shares during the period.

iShares MSCI USA Quality Factor ETF Trading Up 4.8 %

Shares of QUAL stock opened at $185.18 on Friday. The stock has a market cap of $48.87 billion, a P/E ratio of 23.03 and a beta of 1.03. The stock has a 50 day simple moving average of $181.79 and a 200 day simple moving average of $179.40. iShares MSCI USA Quality Factor ETF has a 1 year low of $71.96 and a 1 year high of $88.63.

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.