Icon Wealth Advisors LLC Sells 167,963 Shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Icon Wealth Advisors LLC lowered its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 90.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 17,490 shares of the company’s stock after selling 167,963 shares during the quarter. Icon Wealth Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $3,136,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. BNP Paribas Financial Markets raised its stake in shares of iShares MSCI USA Quality Factor ETF by 389.4% in the first quarter. BNP Paribas Financial Markets now owns 788 shares of the company’s stock valued at $130,000 after acquiring an additional 627 shares during the period. Bessemer Group Inc. lifted its stake in iShares MSCI USA Quality Factor ETF by 169.3% in the first quarter. Bessemer Group Inc. now owns 2,418 shares of the company’s stock worth $396,000 after purchasing an additional 1,520 shares during the last quarter. Axxcess Wealth Management LLC boosted its position in shares of iShares MSCI USA Quality Factor ETF by 218.4% during the first quarter. Axxcess Wealth Management LLC now owns 8,118 shares of the company’s stock valued at $1,334,000 after buying an additional 5,568 shares during the period. Linscomb Wealth Inc. grew its stake in shares of iShares MSCI USA Quality Factor ETF by 17.9% during the first quarter. Linscomb Wealth Inc. now owns 1,900 shares of the company’s stock valued at $312,000 after buying an additional 288 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its stake in shares of iShares MSCI USA Quality Factor ETF by 16.4% during the first quarter. Kestra Advisory Services LLC now owns 492,753 shares of the company’s stock valued at $80,984,000 after buying an additional 69,586 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of QUAL stock opened at $182.08 on Friday. The stock has a 50 day moving average price of $180.04 and a 200 day moving average price of $173.72. iShares MSCI USA Quality Factor ETF has a 52-week low of $71.96 and a 52-week high of $88.63. The firm has a market capitalization of $48.05 billion, a P/E ratio of 23.03 and a beta of 1.03.

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.