Prime Capital Investment Advisors LLC Lowers Stock Position in iShares MSCI USA Quality Factor ETF $QUAL

Prime Capital Investment Advisors LLC reduced its holdings in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 30.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 464,670 shares of the company’s stock after selling 201,842 shares during the period. iShares MSCI USA Quality Factor ETF accounts for about 1.1% of Prime Capital Investment Advisors LLC’s investment portfolio, making the stock its 24th largest holding. Prime Capital Investment Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $84,951,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cullen Frost Bankers Inc. grew its stake in shares of iShares MSCI USA Quality Factor ETF by 84.2% in the 1st quarter. Cullen Frost Bankers Inc. now owns 175 shares of the company’s stock worth $30,000 after buying an additional 80 shares during the last quarter. Legacy Wealth Managment LLC ID bought a new stake in iShares MSCI USA Quality Factor ETF in the first quarter worth $37,000. CX Institutional grew its stake in shares of iShares MSCI USA Quality Factor ETF by 151.9% in the second quarter. CX Institutional now owns 204 shares of the company’s stock worth $37,000 after acquiring an additional 123 shares during the last quarter. BankPlus Trust Department grew its stake in shares of iShares MSCI USA Quality Factor ETF by 58.4% in the first quarter. BankPlus Trust Department now owns 244 shares of the company’s stock worth $42,000 after acquiring an additional 90 shares during the last quarter. Finally, First Command Advisory Services Inc. purchased a new position in shares of iShares MSCI USA Quality Factor ETF in the 1st quarter worth about $43,000.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of QUAL stock opened at $196.47 on Monday. The company has a market capitalization of $56.97 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a one year low of $148.34 and a one year high of $187.26. The company’s 50-day moving average is $189.31 and its 200 day moving average is $179.69.

iShares MSCI USA Quality Factor ETF Company 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.