Meridian Wealth Partners LLC Reduces Position in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Meridian Wealth Partners LLC trimmed its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 0.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 117,502 shares of the company’s stock after selling 269 shares during the quarter. iShares MSCI USA Quality Factor ETF accounts for 3.5% of Meridian Wealth Partners LLC’s portfolio, making the stock its 7th biggest holding. Meridian Wealth Partners LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $20,065,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of the business. Wealth Alliance raised its stake in shares of iShares MSCI USA Quality Factor ETF by 3.4% in the second quarter. Wealth Alliance now owns 94,552 shares of the company’s stock worth $16,146,000 after purchasing an additional 3,124 shares during the last quarter. Axxcess Wealth Management LLC raised its stake in shares of iShares MSCI USA Quality Factor ETF by 163.9% in the second quarter. Axxcess Wealth Management LLC now owns 21,423 shares of the company’s stock worth $3,658,000 after purchasing an additional 13,305 shares during the last quarter. Perennial Investment Advisors LLC raised its stake in shares of iShares MSCI USA Quality Factor ETF by 3.7% in the second quarter. Perennial Investment Advisors LLC now owns 10,820 shares of the company’s stock worth $1,848,000 after purchasing an additional 390 shares during the last quarter. Frisch Financial Group Inc. purchased a new position in shares of iShares MSCI USA Quality Factor ETF in the second quarter worth $206,000. Finally, Alpha Financial Partners LLC raised its stake in shares of iShares MSCI USA Quality Factor ETF by 9.4% in the second quarter. Alpha Financial Partners LLC now owns 3,854 shares of the company’s stock worth $658,000 after purchasing an additional 331 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

QUAL stock opened at $177.14 on Wednesday. iShares MSCI USA Quality Factor ETF has a 1-year low of $71.96 and a 1-year high of $88.63. The business has a fifty day moving average price of $172.73 and a 200-day moving average price of $167.53. The stock has a market capitalization of $46.75 billion, a P/E 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.