Pinnacle Wealth Management Advisory Group LLC Purchases 6,173 Shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Pinnacle Wealth Management Advisory Group LLC increased its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 263,448 shares of the company’s stock after buying an additional 6,173 shares during the quarter. iShares MSCI USA Quality Factor ETF comprises approximately 4.4% of Pinnacle Wealth Management Advisory Group LLC’s investment portfolio, making the stock its 2nd biggest position. Pinnacle Wealth Management Advisory Group LLC owned about 0.10% of iShares MSCI USA Quality Factor ETF worth $46,915,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in QUAL. Signaturefd LLC lifted its stake in iShares MSCI USA Quality Factor ETF by 46.3% during the third quarter. Signaturefd LLC now owns 717 shares of the company’s stock worth $129,000 after purchasing an additional 227 shares during the last quarter. CreativeOne Wealth LLC lifted its stake in iShares MSCI USA Quality Factor ETF by 43.4% during the third quarter. CreativeOne Wealth LLC now owns 252,618 shares of the company’s stock worth $45,294,000 after purchasing an additional 76,472 shares during the last quarter. Midwest Heritage Bank FSB lifted its stake in iShares MSCI USA Quality Factor ETF by 1.7% during the third quarter. Midwest Heritage Bank FSB now owns 11,574 shares of the company’s stock worth $2,075,000 after purchasing an additional 199 shares during the last quarter. Spectrum Planning & Advisory Services Inc. lifted its stake in iShares MSCI USA Quality Factor ETF by 7.4% during the third quarter. Spectrum Planning & Advisory Services Inc. now owns 40,398 shares of the company’s stock worth $7,243,000 after purchasing an additional 2,768 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in iShares MSCI USA Quality Factor ETF by 37.2% during the third quarter. Principal Financial Group Inc. now owns 9,892 shares of the company’s stock worth $1,774,000 after purchasing an additional 2,682 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

BATS QUAL opened at $185.18 on Friday. The business has a fifty day moving average price of $181.79 and a two-hundred day moving average price of $179.40. iShares MSCI USA Quality Factor ETF has a fifty-two week low of $71.96 and a fifty-two week high of $88.63. The stock has a market capitalization of $48.87 billion, a PE ratio of 23.03 and a beta of 1.03.

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.