Independence Bank of Kentucky Lowers Stake in iShares MSCI USA Quality Factor ETF $QUAL

Independence Bank of Kentucky reduced its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 2.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,307 shares of the company’s stock after selling 60 shares during the quarter. Independence Bank of Kentucky’s holdings in iShares MSCI USA Quality Factor ETF were worth $422,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Flow Traders U.S. LLC increased its stake in iShares MSCI USA Quality Factor ETF by 412.9% during the 1st quarter. Flow Traders U.S. LLC now owns 64,002 shares of the company’s stock valued at $10,937,000 after purchasing an additional 51,524 shares in the last quarter. SlateStone Wealth LLC increased its stake in iShares MSCI USA Quality Factor ETF by 12.4% during the 1st quarter. SlateStone Wealth LLC now owns 157,313 shares of the company’s stock valued at $26,883,000 after purchasing an additional 17,337 shares in the last quarter. Delap Wealth Advisory LLC bought a new stake in iShares MSCI USA Quality Factor ETF during the 1st quarter valued at about $385,000. Elevate Wealth Advisory Inc. increased its stake in iShares MSCI USA Quality Factor ETF by 4.1% during the 1st quarter. Elevate Wealth Advisory Inc. now owns 2,928 shares of the company’s stock valued at $500,000 after purchasing an additional 115 shares in the last quarter. Finally, Partners Capital Investment Group LLP increased its stake in iShares MSCI USA Quality Factor ETF by 284.3% during the 1st quarter. Partners Capital Investment Group LLP now owns 101,407 shares of the company’s stock valued at $17,329,000 after purchasing an additional 75,022 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

BATS:QUAL opened at $193.30 on Tuesday. The firm has a market cap of $56.05 billion, a P/E ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a fifty-two week low of $148.34 and a fifty-two week high of $187.26. The firm has a 50-day simple moving average of $188.52 and a two-hundred day simple moving average of $179.00.

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.