NewEdge Advisors LLC lessened its holdings in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL – Free Report) by 66.0% in the second quarter, HoldingsChannel reports. The fund owned 248,757 shares of the company’s stock after selling 483,925 shares during the period. NewEdge Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $54,585,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Advocate Investing Services LLC acquired a new position in shares of iShares MSCI USA Quality Factor ETF during the fourth quarter valued at $25,000. Resources Management Corp CT ADV acquired a new stake in iShares MSCI USA Quality Factor ETF in the fourth quarter worth about $27,000. Financial Life Planners acquired a new stake in iShares MSCI USA Quality Factor ETF in the first quarter worth about $28,000. Cornerstone Financial Management LLC bought a new position in iShares MSCI USA Quality Factor ETF in the 4th quarter valued at about $30,000. Finally, Godsey & Gibb Inc. grew its position in iShares MSCI USA Quality Factor ETF by 69.8% in the 1st quarter. Godsey & Gibb Inc. now owns 163 shares of the company’s stock valued at $31,000 after buying an additional 67 shares in the last quarter.
iShares MSCI USA Quality Factor ETF Trading Down 0.8%
iShares MSCI USA Quality Factor ETF stock opened at $220.79 on Wednesday. iShares MSCI USA Quality Factor ETF has a 52 week low of $185.88 and a 52 week high of $227.32. The stock has a market cap of $64.02 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. The company’s 50-day moving average price is $221.26 and its two-hundred day moving average price is $211.39.
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.
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Want to see what other hedge funds are holding QUAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI USA Quality Factor ETF (BATS:QUAL – Free Report).
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