Hobbs Group Advisors LLC Has $1.88 Million Position in iShares MSCI USA Quality Factor ETF $QUAL

Hobbs Group Advisors LLC lowered its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 21.7% in the second quarter, Holdings Channel reports. The institutional investor owned 10,273 shares of the company’s stock after selling 2,855 shares during the period. Hobbs Group Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $1,878,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in QUAL. Keener Financial Planning LLC acquired a new position in iShares MSCI USA Quality Factor ETF in the second quarter worth about $29,000. Cullen Frost Bankers Inc. grew its stake in iShares MSCI USA Quality Factor ETF by 84.2% during the first quarter. Cullen Frost Bankers Inc. now owns 175 shares of the company’s stock worth $30,000 after buying an additional 80 shares during the last quarter. CX Institutional grew its stake in iShares MSCI USA Quality Factor ETF by 151.9% during the second quarter. CX Institutional now owns 204 shares of the company’s stock worth $37,000 after buying an additional 123 shares during the last quarter. Legacy Wealth Managment LLC ID bought a new stake in iShares MSCI USA Quality Factor ETF during the first quarter worth about $37,000. Finally, BankPlus Trust Department grew its stake in iShares MSCI USA Quality Factor ETF by 58.4% during the first quarter. BankPlus Trust Department now owns 244 shares of the company’s stock worth $42,000 after buying an additional 90 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Trading Up 8.1%

Shares of iShares MSCI USA Quality Factor ETF stock opened at $190.99 on Friday. The stock has a market capitalization of $55.38 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 1-year low of $148.34 and a 1-year high of $187.26. The firm’s 50-day moving average price is $190.33 and its two-hundred day moving average price is $180.41.

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.