Freedom Investment Management Inc. Has $3.33 Million Stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Freedom Investment Management Inc. boosted its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 35.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 18,564 shares of the company’s stock after purchasing an additional 4,821 shares during the quarter. Freedom Investment Management Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $3,329,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Halpern Financial Inc. acquired a new stake in shares of iShares MSCI USA Quality Factor ETF during the 3rd quarter worth about $26,000. Barrett & Company Inc. acquired a new stake in shares of iShares MSCI USA Quality Factor ETF during the third quarter worth approximately $27,000. Voisard Asset Management Group Inc. acquired a new position in shares of iShares MSCI USA Quality Factor ETF in the 3rd quarter worth approximately $27,000. OLD Second National Bank of Aurora bought a new stake in iShares MSCI USA Quality Factor ETF during the 3rd quarter worth approximately $27,000. Finally, Centennial Bank AR acquired a new stake in iShares MSCI USA Quality Factor ETF during the 3rd quarter valued at $29,000.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of QUAL opened at $184.59 on Wednesday. The stock has a fifty day moving average price of $180.44 and a two-hundred day moving average price of $174.34. The company has a market cap of $48.71 billion, a price-to-earnings ratio of 23.03 and a beta of 1.03. 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 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.