Alterna Wealth Management Inc. Has $3.93 Million Stock Position in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Alterna Wealth Management Inc. lifted its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,094 shares of the company’s stock after purchasing an additional 1,067 shares during the period. iShares MSCI USA Quality Factor ETF accounts for approximately 3.3% of Alterna Wealth Management Inc.’s investment portfolio, making the stock its 8th biggest holding. Alterna Wealth Management Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $3,934,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in QUAL. FMR LLC increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 7.9% during the third quarter. FMR LLC now owns 15,848,761 shares of the company’s stock worth $2,841,683,000 after purchasing an additional 1,160,410 shares during the period. LPL Financial LLC grew its position in iShares MSCI USA Quality Factor ETF by 6.9% during the third quarter. LPL Financial LLC now owns 14,725,824 shares of the company’s stock worth $2,640,340,000 after buying an additional 950,857 shares in the last quarter. Orgel Wealth Management LLC increased its stake in iShares MSCI USA Quality Factor ETF by 71.6% during the 3rd quarter. Orgel Wealth Management LLC now owns 1,236,792 shares of the company’s stock worth $221,757,000 after acquiring an additional 515,998 shares during the period. Heck Capital Advisors LLC acquired a new position in iShares MSCI USA Quality Factor ETF in the 4th quarter valued at $81,990,000. Finally, Goldstein Advisors LLC lifted its position in shares of iShares MSCI USA Quality Factor ETF by 11,176.9% during the 3rd quarter. Goldstein Advisors LLC now owns 282,036 shares of the company’s stock valued at $50,569,000 after acquiring an additional 279,535 shares during the period.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of BATS QUAL opened at $183.34 on Monday. The stock has a market capitalization of $48.38 billion, a P/E ratio of 23.03 and a beta of 1.03. The stock’s fifty day moving average is $182.04 and its 200 day moving average is $178.45. 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.