IFP Advisors Inc Sells 27,060 Shares of iShares MSCI USA Quality Factor ETF $QUAL

IFP Advisors Inc lowered its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 20.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 103,353 shares of the company’s stock after selling 27,060 shares during the period. IFP Advisors Inc’s holdings in iShares MSCI USA Quality Factor ETF were worth $20,102,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Strategic Point Investment Advisors LLC lifted its stake in iShares MSCI USA Quality Factor ETF by 1.5% in the third quarter. Strategic Point Investment Advisors LLC now owns 104,439 shares of the company’s stock worth $20,313,000 after acquiring an additional 1,588 shares during the period. Stillwater Wealth Management Group purchased a new position in iShares MSCI USA Quality Factor ETF during the 3rd quarter valued at about $4,859,000. Investment Research Partners LLC bought a new stake in shares of iShares MSCI USA Quality Factor ETF in the 3rd quarter valued at about $851,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of iShares MSCI USA Quality Factor ETF in the 3rd quarter worth approximately $357,000. Finally, CIBC Bancorp USA Inc. purchased a new stake in shares of iShares MSCI USA Quality Factor ETF in the 3rd quarter worth approximately $905,000.

iShares MSCI USA Quality Factor ETF Stock Performance

BATS QUAL opened at $194.08 on Thursday. The company has a market cap of $56.27 billion, a PE ratio of 25.59 and a beta of 1.05. The firm’s 50 day moving average price is $202.07 and its 200-day moving average price is $197.80. iShares MSCI USA Quality Factor ETF has a 52-week low of $148.34 and a 52-week high of $205.65.

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.