Bay Harbor Wealth Management LLC Reduces Position in iShares MSCI USA Quality Factor ETF $QUAL

Bay Harbor Wealth Management LLC decreased its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 19.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 61,620 shares of the company’s stock after selling 15,270 shares during the quarter. iShares MSCI USA Quality Factor ETF comprises 3.2% of Bay Harbor Wealth Management LLC’s holdings, making the stock its 12th biggest position. Bay Harbor Wealth Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $11,985,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the company. Embree Financial Group increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 487.2% in the 3rd quarter. Embree Financial Group now owns 21,063 shares of the company’s stock valued at $4,097,000 after acquiring an additional 17,476 shares during the period. Fiduciary Alliance LLC grew its position in iShares MSCI USA Quality Factor ETF by 2.8% during the 3rd quarter. Fiduciary Alliance LLC now owns 3,437 shares of the company’s stock worth $668,000 after purchasing an additional 92 shares during the last quarter. Wedmont Private Capital increased its stake in iShares MSCI USA Quality Factor ETF by 5.2% in the third quarter. Wedmont Private Capital now owns 3,012 shares of the company’s stock valued at $590,000 after purchasing an additional 149 shares during the period. Moulton Wealth Management Inc. raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 6.8% in the third quarter. Moulton Wealth Management Inc. now owns 9,743 shares of the company’s stock valued at $1,895,000 after buying an additional 617 shares during the last quarter. Finally, KWB Wealth boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 8.3% during the third quarter. KWB Wealth now owns 148,156 shares of the company’s stock worth $27,086,000 after buying an additional 11,409 shares during the period.

iShares MSCI USA Quality Factor ETF Stock Up 12.0%

BATS QUAL opened at $197.79 on Friday. The firm has a market cap of $57.35 billion, a P/E ratio of 25.59 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’s 50-day moving average price is $195.96 and its 200 day moving average price is $189.70.

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.