iShares MSCI USA Quality Factor ETF $QUAL Shares Sold by Fortis Group Advisors LLC

Fortis Group Advisors LLC lessened its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 85.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 2,524 shares of the company’s stock after selling 15,071 shares during the quarter. Fortis Group Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $495,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. acquired a new position in shares of iShares MSCI USA Quality Factor ETF in the 3rd quarter valued at $25,000. CoreFirst Bank & Trust acquired a new position in iShares MSCI USA Quality Factor ETF in the 2nd quarter valued at about $33,000. First Horizon Corp purchased a new stake in iShares MSCI USA Quality Factor ETF during the 3rd quarter valued at approximately $36,000. Phillips Financial Management LLC acquired a new stake in iShares MSCI USA Quality Factor ETF during the 3rd quarter worth approximately $39,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of iShares MSCI USA Quality Factor ETF in the 2nd quarter valued at approximately $40,000.

iShares MSCI USA Quality Factor ETF Price Performance

BATS:QUAL opened at $203.49 on Thursday. iShares MSCI USA Quality Factor ETF has a 1-year low of $148.34 and a 1-year high of $205.48. The firm has a market cap of $59.00 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. The firm’s fifty day moving average price is $201.64 and its 200 day moving average price is $195.89.

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.