Hughes Financial Services LLC lowered its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL – Free Report) by 71.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,442 shares of the company’s stock after selling 151,544 shares during the period. iShares MSCI USA Quality Factor ETF makes up approximately 1.9% of Hughes Financial Services LLC’s portfolio, making the stock its 11th biggest holding. Hughes Financial Services LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $12,005,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of QUAL. Hantz Financial Services Inc. acquired a new position in shares of iShares MSCI USA Quality Factor ETF in the third quarter valued at approximately $25,000. Financial Life Planners acquired a new position in shares of iShares MSCI USA Quality Factor ETF in the third quarter valued at approximately $28,000. Ares Financial Consulting LLC acquired a new position in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter valued at approximately $30,000. Decker Retirement Planning Inc. acquired a new position in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter valued at approximately $32,000. Finally, Ransom Advisory Ltd acquired a new position in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter valued at approximately $39,000.
iShares MSCI USA Quality Factor ETF Trading Down 0.8%
BATS:QUAL opened at $212.33 on Thursday. iShares MSCI USA Quality Factor ETF has a 12-month low of $175.20 and a 12-month high of $217.65. The firm has a market cap of $61.57 billion, a P/E ratio of 25.59 and a beta of 1.05. The stock’s 50 day simple moving average is $207.65 and its 200-day simple moving average is $202.67.
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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