Formidable Asset Management LLC Has $8.11 Million Stake in iShares MSCI USA Quality Factor ETF $QUAL

Formidable Asset Management LLC grew its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 8.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 44,370 shares of the company’s stock after purchasing an additional 3,393 shares during the period. iShares MSCI USA Quality Factor ETF comprises approximately 1.2% of Formidable Asset Management LLC’s portfolio, making the stock its 14th biggest position. Formidable Asset Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $8,112,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Almanack Investment Partners LLC. grew its holdings in iShares MSCI USA Quality Factor ETF by 0.4% during the third quarter. Almanack Investment Partners LLC. now owns 13,062 shares of the company’s stock worth $2,541,000 after buying an additional 52 shares in the last quarter. Galvin Gaustad & Stein LLC lifted its stake in iShares MSCI USA Quality Factor ETF by 2.6% during the 2nd quarter. Galvin Gaustad & Stein LLC now owns 2,095 shares of the company’s stock valued at $383,000 after acquiring an additional 54 shares in the last quarter. Cape Investment Advisory Inc. boosted its holdings in iShares MSCI USA Quality Factor ETF by 2.3% during the 2nd quarter. Cape Investment Advisory Inc. now owns 2,517 shares of the company’s stock worth $460,000 after acquiring an additional 57 shares during the last quarter. Atlas Brown Inc. grew its stake in shares of iShares MSCI USA Quality Factor ETF by 2.0% in the 3rd quarter. Atlas Brown Inc. now owns 2,889 shares of the company’s stock worth $562,000 after acquiring an additional 57 shares in the last quarter. Finally, GFG Capital LLC raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 4.3% in the third quarter. GFG Capital LLC now owns 1,442 shares of the company’s stock valued at $280,000 after purchasing an additional 59 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

QUAL opened at $203.40 on Monday. iShares MSCI USA Quality Factor ETF has a fifty-two week low of $148.34 and a fifty-two week high of $187.26. The firm has a market capitalization of $58.98 billion, a P/E ratio of 25.59 and a beta of 1.05. The company’s 50-day moving average is $198.57 and its 200 day moving average is $193.06.

iShares MSCI USA Quality Factor ETF 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. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.