Avestar Capital LLC Reduces Stake in iShares MSCI USA Quality Factor ETF $QUAL

Avestar Capital LLC lessened its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 15.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,498 shares of the company’s stock after selling 4,200 shares during the quarter. Avestar Capital LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $4,376,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hantz Financial Services Inc. purchased a new stake in iShares MSCI USA Quality Factor ETF in the 3rd quarter worth approximately $25,000. CoreFirst Bank & Trust purchased a new stake in shares of iShares MSCI USA Quality Factor ETF in the second quarter worth $33,000. First Horizon Corp bought a new stake in iShares MSCI USA Quality Factor ETF during the third quarter valued at $36,000. Phillips Financial Management LLC bought a new stake in iShares MSCI USA Quality Factor ETF during the third quarter valued at $39,000. Finally, Legacy Investment Solutions LLC purchased a new position in iShares MSCI USA Quality Factor ETF during the second quarter worth about $40,000.

iShares MSCI USA Quality Factor ETF Stock Up 0.6%

Shares of BATS QUAL opened at $203.49 on Thursday. The stock’s 50-day simple moving average is $201.64 and its two-hundred day simple moving average is $195.89. iShares MSCI USA Quality Factor ETF has a twelve month low of $148.34 and a twelve month high of $205.48. The firm has a market capitalization of $59.00 billion, a P/E ratio of 25.59 and a beta of 1.05.

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. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.