Foster Group Inc. Grows Position in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Foster Group Inc. increased its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 4.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 202,016 shares of the company’s stock after acquiring an additional 7,836 shares during the quarter. iShares MSCI USA Quality Factor ETF makes up about 1.6% of Foster Group Inc.’s investment portfolio, making the stock its 15th largest position. Foster Group Inc. owned approximately 0.09% of iShares MSCI USA Quality Factor ETF worth $27,246,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Stifel Financial Corp lifted its stake in iShares MSCI USA Quality Factor ETF by 29.0% in the first quarter. Stifel Financial Corp now owns 1,267,240 shares of the company’s stock worth $157,219,000 after acquiring an additional 284,548 shares during the period. Herold Advisors Inc. bought a new position in iShares MSCI USA Quality Factor ETF in the first quarter worth about $306,000. Western Financial Corp CA bought a new position in iShares MSCI USA Quality Factor ETF in the first quarter worth about $504,000. Hanlon Investment Management Inc. bought a new position in iShares MSCI USA Quality Factor ETF in the first quarter worth about $1,395,000. Finally, Lantz Financial LLC bought a new position in iShares MSCI USA Quality Factor ETF in the first quarter worth about $3,670,000.

iShares MSCI USA Quality Factor ETF Price Performance

iShares MSCI USA Quality Factor ETF stock traded down $2.10 during trading hours on Friday, reaching $136.07. The stock had a trading volume of 1,002,897 shares. The company has a market cap of $30.77 billion, a price-to-earnings ratio of 16.30 and a beta of 1.03. The business’s 50 day moving average price is $137.48 and its 200-day moving average price is $129.80. iShares MSCI USA Quality Factor ETF has a 52 week low of $71.96 and a 52 week high of $88.63.

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.