Pettinga Financial Advisors LLC Purchases 3,523 Shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Pettinga Financial Advisors LLC boosted its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 2.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 168,432 shares of the company’s stock after acquiring an additional 3,523 shares during the quarter. iShares MSCI USA Quality Factor ETF accounts for approximately 7.1% of Pettinga Financial Advisors LLC’s investment portfolio, making the stock its 2nd biggest holding. Pettinga Financial Advisors LLC owned approximately 0.06% of iShares MSCI USA Quality Factor ETF worth $30,200,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in QUAL. GAMMA Investing LLC lifted its stake in iShares MSCI USA Quality Factor ETF by 3.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,670 shares of the company’s stock valued at $299,000 after purchasing an additional 58 shares during the last quarter. Carnegie Investment Counsel raised its stake in iShares MSCI USA Quality Factor ETF by 0.5% in the second quarter. Carnegie Investment Counsel now owns 11,675 shares of the company’s stock valued at $1,994,000 after buying an additional 61 shares during the period. Procyon Advisors LLC lifted its position in shares of iShares MSCI USA Quality Factor ETF by 4.7% in the third quarter. Procyon Advisors LLC now owns 1,354 shares of the company’s stock valued at $243,000 after buying an additional 61 shares during the last quarter. Bristlecone Advisors LLC boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 0.4% during the 2nd quarter. Bristlecone Advisors LLC now owns 17,056 shares of the company’s stock worth $2,912,000 after acquiring an additional 63 shares during the period. Finally, Columbus Macro LLC increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 1.3% during the 3rd quarter. Columbus Macro LLC now owns 5,116 shares of the company’s stock worth $926,000 after acquiring an additional 66 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

QUAL traded down $0.13 during trading hours on Friday, reaching $179.72. The company’s stock had a trading volume of 708,796 shares. The company’s 50-day moving average is $177.84 and its 200-day moving average is $170.61. iShares MSCI USA Quality Factor ETF has a 52 week low of $71.96 and a 52 week high of $88.63. The firm has a market cap of $47.43 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.