Foundry Financial Group Inc. Decreases Stock Position in iShares MSCI USA Quality Factor ETF $QUAL

Foundry Financial Group Inc. cut its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 39.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,491 shares of the company’s stock after selling 6,719 shares during the quarter. iShares MSCI USA Quality Factor ETF accounts for approximately 1.0% of Foundry Financial Group Inc.’s holdings, making the stock its 23rd largest position. Foundry Financial Group Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $2,012,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Advocate Investing Services LLC purchased a new position in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter worth $25,000. Resources Management Corp CT ADV purchased a new stake in shares of iShares MSCI USA Quality Factor ETF during the fourth quarter valued at $27,000. Financial Life Planners bought a new stake in iShares MSCI USA Quality Factor ETF in the 3rd quarter worth about $28,000. Ares Financial Consulting LLC bought a new stake in iShares MSCI USA Quality Factor ETF in the 4th quarter worth about $30,000. Finally, Cornerstone Financial Management LLC purchased a new position in iShares MSCI USA Quality Factor ETF in the 4th quarter worth about $30,000.

iShares MSCI USA Quality Factor ETF Stock Performance

QUAL opened at $217.29 on Tuesday. The stock has a market capitalization of $63.00 billion, a P/E ratio of 25.59 and a beta of 1.05. The company’s 50-day simple moving average is $212.29 and its two-hundred day simple moving average is $204.34. iShares MSCI USA Quality Factor ETF has a 52-week low of $181.55 and a 52-week high of $219.82.

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