Archer Investment Management LLC Invests $1.94 Million in iShares MSCI USA Quality Factor ETF $QUAL

Archer Investment Management LLC acquired a new position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 9,788 shares of the company’s stock, valued at approximately $1,944,000. iShares MSCI USA Quality Factor ETF comprises about 1.0% of Archer Investment Management LLC’s investment portfolio, making the stock its 27th biggest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. Howard Financial Services LTD. lifted its position in shares of iShares MSCI USA Quality Factor ETF by 0.5% in the 4th quarter. Howard Financial Services LTD. now owns 507,751 shares of the company’s stock worth $100,850,000 after purchasing an additional 2,581 shares during the period. Heritage Family Offices LLP boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 3.4% in the 4th quarter. Heritage Family Offices LLP now owns 2,878 shares of the company’s stock valued at $571,000 after purchasing an additional 95 shares during the last quarter. Abound Wealth Management increased its position in shares of iShares MSCI USA Quality Factor ETF by 75.9% during the fourth quarter. Abound Wealth Management now owns 380 shares of the company’s stock worth $76,000 after buying an additional 164 shares during the period. Farrell Financial LLC increased its position in shares of iShares MSCI USA Quality Factor ETF by 4.2% during the fourth quarter. Farrell Financial LLC now owns 19,859 shares of the company’s stock worth $3,944,000 after buying an additional 792 shares during the period. Finally, BOS Asset Management LLC raised its stake in iShares MSCI USA Quality Factor ETF by 3.1% during the fourth quarter. BOS Asset Management LLC now owns 43,075 shares of the company’s stock worth $8,555,000 after buying an additional 1,281 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Down 0.3%

QUAL stock opened at $193.30 on Wednesday. The firm has a market cap of $56.05 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 12-month low of $148.34 and a 12-month high of $205.65. The company’s fifty day simple moving average is $201.25 and its 200 day simple moving average is $197.99.

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. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.