Ridgeline Wealth Planning LLC Makes New Investment in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Ridgeline Wealth Planning LLC acquired a new stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 39,432 shares of the company’s stock, valued at approximately $7,022,000. iShares MSCI USA Quality Factor ETF comprises approximately 6.7% of Ridgeline Wealth Planning LLC’s holdings, making the stock its 5th largest position.

Other large investors also recently modified their holdings of the company. Financial Life Planners bought a new stake in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter worth $25,000. Barrett & Company Inc. acquired a new position in iShares MSCI USA Quality Factor ETF during the 3rd quarter worth $27,000. Voisard Asset Management Group Inc. bought a new stake in shares of iShares MSCI USA Quality Factor ETF in the 3rd quarter worth about $27,000. OLD Second National Bank of Aurora acquired a new stake in shares of iShares MSCI USA Quality Factor ETF in the 3rd quarter valued at about $27,000. Finally, Centennial Bank AR bought a new position in shares of iShares MSCI USA Quality Factor ETF during the third quarter worth about $29,000.

iShares MSCI USA Quality Factor ETF Stock Performance

BATS:QUAL opened at $184.38 on Wednesday. The company has a market capitalization of $48.66 billion, a price-to-earnings ratio of 23.03 and a beta of 1.03. iShares MSCI USA Quality Factor ETF has a one year low of $71.96 and a one year high of $88.63. The stock has a 50-day simple moving average of $181.90 and a 200 day simple moving average of $179.03.

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.