Pettinga Financial Advisors LLC Sells 40,707 Shares of iShares MSCI USA Quality Factor ETF $QUAL

Pettinga Financial Advisors LLC trimmed its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 50.7% during the second quarter, Holdings Channel.com reports. The fund owned 39,570 shares of the company’s stock after selling 40,707 shares during the quarter. iShares MSCI USA Quality Factor ETF comprises 1.4% of Pettinga Financial Advisors LLC’s portfolio, making the stock its 23rd biggest holding. Pettinga Financial Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $8,683,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. J.M. Arbour LLC purchased a new position in iShares MSCI USA Quality Factor ETF during the fourth quarter worth about $1,681,000. Liberty Wealth Management LLC lifted its position in shares of iShares MSCI USA Quality Factor ETF by 2.0% during the 4th quarter. Liberty Wealth Management LLC now owns 159,312 shares of the company’s stock worth $31,622,000 after buying an additional 3,188 shares in the last quarter. Sound Financial Strategies Group LLC boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 254.3% in the 4th quarter. Sound Financial Strategies Group LLC now owns 19,877 shares of the company’s stock worth $3,948,000 after buying an additional 14,267 shares during the last quarter. Concurrent Investment Advisors LLC grew its holdings in shares of iShares MSCI USA Quality Factor ETF by 40.3% in the fourth quarter. Concurrent Investment Advisors LLC now owns 111,127 shares of the company’s stock valued at $22,072,000 after acquiring an additional 31,932 shares in the last quarter. Finally, Uptick Partners LLC grew its holdings in shares of iShares MSCI USA Quality Factor ETF by 32.5% in the first quarter. Uptick Partners LLC now owns 10,331 shares of the company’s stock valued at $1,982,000 after acquiring an additional 2,533 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of QUAL opened at $225.69 on Monday. The stock has a 50 day moving average of $217.61 and a 200 day moving average of $208.12. The company has a market capitalization of $65.44 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 12 month low of $184.60 and a 12 month high of $227.16.

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.