Ridgeline Wealth LLC Sells 2,827 Shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Ridgeline Wealth LLC cut its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 10.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,807 shares of the company’s stock after selling 2,827 shares during the quarter. iShares MSCI USA Quality Factor ETF accounts for 3.5% of Ridgeline Wealth LLC’s investment portfolio, making the stock its 9th largest holding. Ridgeline Wealth LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $4,068,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. LPL Financial LLC increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 14.5% during the fourth quarter. LPL Financial LLC now owns 16,867,820 shares of the company’s stock valued at $3,003,821,000 after acquiring an additional 2,141,996 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of iShares MSCI USA Quality Factor ETF during the fourth quarter valued at approximately $349,393,000. Raymond James Financial Inc. bought a new stake in shares of iShares MSCI USA Quality Factor ETF during the fourth quarter valued at approximately $331,412,000. JPMorgan Chase & Co. increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 14.6% during the fourth quarter. JPMorgan Chase & Co. now owns 6,580,546 shares of the company’s stock valued at $1,171,864,000 after acquiring an additional 837,887 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 2.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 29,141,751 shares of the company’s stock valued at $5,189,563,000 after acquiring an additional 596,515 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Stock Up 2.2%

BATS QUAL opened at $180.45 on Friday. The company has a market cap of $52.09 billion, a price-to-earnings ratio of 25.81 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 52 week low of $148.34 and a 52 week high of $187.26. The business has a 50 day moving average price of $169.87 and a 200-day moving average price of $176.77.

iShares MSCI USA Quality Factor ETF Company 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.