iShares MSCI USA Quality Factor ETF $QUAL Shares Sold by Element Pointe Advisors LLC

Element Pointe Advisors LLC trimmed its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 11.3% during the third quarter, HoldingsChannel.com reports. The fund owned 62,701 shares of the company’s stock after selling 7,990 shares during the period. iShares MSCI USA Quality Factor ETF makes up approximately 2.0% of Element Pointe Advisors LLC’s holdings, making the stock its 11th largest holding. Element Pointe Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $13,935,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 36.9% in the first quarter. Bank of America Corp DE now owns 8,741,641 shares of the company’s stock valued at $1,676,734,000 after buying an additional 2,357,971 shares during the last quarter. Orgel Wealth Management LLC boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 2.0% during the second quarter. Orgel Wealth Management LLC now owns 3,358,210 shares of the company’s stock worth $736,892,000 after buying an additional 65,534 shares during the period. Facet Wealth Inc. grew its holdings in shares of iShares MSCI USA Quality Factor ETF by 11.3% during the second quarter. Facet Wealth Inc. now owns 3,300,180 shares of the company’s stock worth $724,159,000 after buying an additional 334,234 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of iShares MSCI USA Quality Factor ETF by 2.9% during the first quarter. Royal Bank of Canada now owns 1,777,079 shares of the company’s stock worth $340,861,000 after buying an additional 49,616 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of iShares MSCI USA Quality Factor ETF by 2.9% during the first quarter. Cetera Investment Advisers now owns 1,574,045 shares of the company’s stock worth $301,918,000 after buying an additional 43,742 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Up 0.2%

QUAL opened at $226.06 on Thursday. The business has a 50 day moving average price of $223.40 and a two-hundred day moving average price of $217.00. The company has a market cap of $65.55 billion, a PE ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 52 week low of $185.88 and a 52 week high of $228.13.

iShares MSCI USA Quality Factor ETF shares are scheduled to split on the morning of Thursday, November 5th. The 4-1 split was recently announced. The newly minted shares will be issued to shareholders after the closing bell on Wednesday, November 4th.

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.