Northwestern Mutual Wealth Management Co. cut its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL – Free Report) by 15.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,613,234 shares of the company’s stock after selling 287,735 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares MSCI USA Quality Factor ETF were worth $353,992,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Empire Life Investments Inc. grew its stake in 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. raised its stake in shares of iShares MSCI USA Quality Factor ETF by 1.4% during the 4th 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. raised its stake in shares of iShares MSCI USA Quality Factor ETF by 16.5% during the 4th 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 boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 3.8% in the 1st quarter. Northwest Financial Advisors now owns 1,457 shares of the company’s stock worth $279,000 after buying an additional 53 shares during the last quarter. Finally, Sherman Wealth Management LLC boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 0.3% in the 2nd 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 Performance
QUAL opened at $222.62 on Tuesday. iShares MSCI USA Quality Factor ETF has a fifty-two week low of $185.88 and a fifty-two week high of $227.32. The firm has a 50-day moving average of $220.42 and a 200 day moving average of $210.56. The firm has a market cap of $64.55 billion, a P/E ratio of 25.59 and a beta of 1.05.
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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