Avalon Capital Management Decreases Stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Avalon Capital Management lessened its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,038 shares of the company’s stock after selling 651 shares during the period. iShares MSCI USA Quality Factor ETF makes up about 2.2% of Avalon Capital Management’s holdings, making the stock its 10th biggest position. Avalon Capital Management’s holdings in iShares MSCI USA Quality Factor ETF were worth $6,952,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Signaturefd LLC increased its stake in iShares MSCI USA Quality Factor ETF by 46.3% in the third quarter. Signaturefd LLC now owns 717 shares of the company’s stock valued at $129,000 after acquiring an additional 227 shares during the last quarter. CENTRAL TRUST Co purchased a new stake in iShares MSCI USA Quality Factor ETF during the 3rd quarter valued at about $134,000. First American Bank grew its position in iShares MSCI USA Quality Factor ETF by 8.9% during the 3rd quarter. First American Bank now owns 5,422 shares of the company’s stock worth $972,000 after acquiring an additional 442 shares during the last quarter. FSA Advisors Inc. purchased a new position in iShares MSCI USA Quality Factor ETF in the 3rd quarter worth approximately $223,000. Finally, Gemmer Asset Management LLC boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 7.0% during the third quarter. Gemmer Asset Management LLC now owns 2,389 shares of the company’s stock valued at $428,000 after purchasing an additional 157 shares during the period.

iShares MSCI USA Quality Factor ETF Stock Up 3.0 %

BATS:QUAL opened at $181.92 on Tuesday. The firm has a market capitalization of $48.01 billion, a P/E ratio of 23.03 and a beta of 1.03. iShares MSCI USA Quality Factor ETF has a 52 week low of $71.96 and a 52 week high of $88.63. The company has a fifty day moving average of $181.78 and a 200 day moving average of $180.14.

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.