Envestnet Portfolio Solutions Inc. decreased its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL – Free Report) by 87.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 124,359 shares of the company’s stock after selling 890,580 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $27,288,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Security National Bank of Sioux City Iowa IA acquired a new position in iShares MSCI USA Quality Factor ETF during the second quarter worth approximately $49,000. Cahill Financial Advisors Inc. boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 1.8% in the 2nd quarter. Cahill Financial Advisors Inc. now owns 117,276 shares of the company’s stock valued at $25,734,000 after purchasing an additional 2,100 shares during the last quarter. Capital Advantage Inc. boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 2.9% in the 2nd quarter. Capital Advantage Inc. now owns 39,205 shares of the company’s stock valued at $8,603,000 after purchasing an additional 1,088 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its stake in shares of iShares MSCI USA Quality Factor ETF by 2.0% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 288,906 shares of the company’s stock valued at $63,395,000 after buying an additional 5,773 shares during the period. Finally, GFG Capital LLC raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 8.1% in the 2nd quarter. GFG Capital LLC now owns 1,567 shares of the company’s stock worth $344,000 after purchasing an additional 118 shares during the period.
iShares MSCI USA Quality Factor ETF Stock Performance
Shares of BATS:QUAL traded down $0.93 during trading on Wednesday, reaching $222.14. 925,927 shares of the stock were exchanged, compared to its average volume of 1,617,746. The firm’s 50-day moving average price is $221.53 and its 200 day moving average price is $212.52. The firm has a market cap of $64.41 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 12-month low of $185.88 and a 12-month high of $227.32.
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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