Silverlake Wealth Management LLC Grows Stock Position in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Silverlake Wealth Management LLC raised its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 6.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 20,430 shares of the company’s stock after purchasing an additional 1,205 shares during the period. iShares MSCI USA Quality Factor ETF makes up about 1.4% of Silverlake Wealth Management LLC’s holdings, making the stock its 8th biggest holding. Silverlake Wealth Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $3,638,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Beacon Financial Planning Inc. grew its position in iShares MSCI USA Quality Factor ETF by 41.1% in the fourth quarter. Beacon Financial Planning Inc. now owns 21,476 shares of the company’s stock valued at $3,824,000 after acquiring an additional 6,251 shares during the last quarter. Bay Harbor Wealth Management LLC grew its holdings in shares of iShares MSCI USA Quality Factor ETF by 5.8% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 58,414 shares of the company’s stock worth $10,402,000 after purchasing an additional 3,186 shares during the last quarter. Mather Group LLC. grew its holdings in shares of iShares MSCI USA Quality Factor ETF by 1.0% during the fourth quarter. Mather Group LLC. now owns 19,468 shares of the company’s stock worth $3,467,000 after purchasing an additional 185 shares during the last quarter. Newton One Investments LLC bought a new stake in shares of iShares MSCI USA Quality Factor ETF during the fourth quarter worth about $68,000. Finally, Commonwealth Financial Services LLC grew its holdings in shares of iShares MSCI USA Quality Factor ETF by 12.2% during the fourth quarter. Commonwealth Financial Services LLC now owns 32,328 shares of the company’s stock worth $5,757,000 after purchasing an additional 3,504 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Trading Up 3.8 %

BATS:QUAL opened at $183.41 on Wednesday. The stock has a market cap of $48.40 billion, a P/E ratio of 23.03 and a beta of 1.03. The stock’s 50-day moving average is $182.01 and its 200-day moving average is $178.56. iShares MSCI USA Quality Factor ETF has a 1-year low of $71.96 and a 1-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.