Gilliland Jeter Wealth Management LLC Sells 2,399 Shares of iShares MSCI USA Quality Factor ETF $QUAL

Gilliland Jeter Wealth Management LLC lowered its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 59.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,632 shares of the company’s stock after selling 2,399 shares during the quarter. Gilliland Jeter Wealth Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $358,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of QUAL. Empire Life Investments Inc. raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 0.8% in the 4th quarter. Empire Life Investments Inc. now owns 6,150 shares of the company’s stock valued at $1,222,000 after purchasing an additional 50 shares during the period. Sunbelt Securities Inc. grew its holdings in iShares MSCI USA Quality Factor ETF by 1.4% during the fourth quarter. Sunbelt Securities Inc. now owns 3,641 shares of the company’s stock worth $723,000 after purchasing an additional 52 shares during the period. First Command Advisory Services Inc. grew its holdings in iShares MSCI USA Quality Factor ETF by 16.5% during the fourth quarter. First Command Advisory Services Inc. now owns 374 shares of the company’s stock worth $74,000 after purchasing an additional 53 shares during the period. Northwest Financial Advisors grew its holdings in iShares MSCI USA Quality Factor ETF by 3.8% during the first quarter. Northwest Financial Advisors now owns 1,457 shares of the company’s stock worth $279,000 after purchasing an additional 53 shares during the period. Finally, Sherman Wealth Management LLC increased its position in iShares MSCI USA Quality Factor ETF by 0.3% during the second quarter. Sherman Wealth Management LLC now owns 20,726 shares of the company’s stock worth $4,548,000 after buying an additional 53 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Up 0.8%

BATS:QUAL opened at $227.18 on Friday. The stock’s 50 day moving average price is $218.38 and its two-hundred day moving average price is $208.80. The firm has a market capitalization of $65.87 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 $185.88 and a 12-month high of $227.32.

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.