Envestnet Asset Management Inc. trimmed its holdings in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL – Free Report) by 57.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,560,676 shares of the company’s stock after selling 10,213,485 shares during the period. Envestnet Asset Management Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $1,658,976,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the business. Uptick Partners LLC raised its position in iShares MSCI USA Quality Factor ETF by 32.5% in the first quarter. Uptick Partners LLC now owns 10,331 shares of the company’s stock worth $1,982,000 after acquiring an additional 2,533 shares in the last quarter. Pure Financial Advisors LLC boosted its position in shares of iShares MSCI USA Quality Factor ETF by 3.5% during the 4th quarter. Pure Financial Advisors LLC now owns 165,510 shares of the company’s stock worth $32,874,000 after purchasing an additional 5,541 shares in the last quarter. Oath Planning LLC acquired a new position in shares of iShares MSCI USA Quality Factor ETF during the 4th quarter worth $588,000. Patriot Financial Group Insurance Agency LLC grew its stake in shares of iShares MSCI USA Quality Factor ETF by 100.6% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 54,982 shares of the company’s stock worth $10,546,000 after purchasing an additional 27,578 shares during the period. Finally, Centaurus Financial Inc. increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 2.4% in the 1st quarter. Centaurus Financial Inc. now owns 151,213 shares of the company’s stock valued at $29,004,000 after purchasing an additional 3,523 shares in the last quarter.
iShares MSCI USA Quality Factor ETF Stock Down 0.4%
Shares of BATS QUAL traded down $0.93 during midday trading on Wednesday, hitting $222.14. The company had a trading volume of 925,927 shares, compared to its average volume of 1,617,746. iShares MSCI USA Quality Factor ETF has a twelve month low of $185.88 and a twelve month high of $227.32. The business has a 50-day simple moving average of $221.53 and a two-hundred day simple moving average of $212.52. The firm has a market capitalization of $64.41 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05.
iShares MSCI USA Quality Factor ETF 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. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.
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