Founders Financial Securities LLC Sells 23,830 Shares of iShares MSCI USA Quality Factor ETF $QUAL

Founders Financial Securities LLC trimmed its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 58.6% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 16,848 shares of the company’s stock after selling 23,830 shares during the quarter. Founders Financial Securities LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $3,277,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of QUAL. Keener Financial Planning LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF during the 2nd quarter valued at about $29,000. CoreFirst Bank & Trust bought a new position in iShares MSCI USA Quality Factor ETF during the second quarter valued at approximately $33,000. Legacy Wealth Managment LLC ID bought a new position in iShares MSCI USA Quality Factor ETF during the first quarter valued at approximately $37,000. CX Institutional boosted its holdings in iShares MSCI USA Quality Factor ETF by 151.9% in the second quarter. CX Institutional now owns 204 shares of the company’s stock worth $37,000 after purchasing an additional 123 shares during the last quarter. Finally, Legacy Investment Solutions LLC bought a new stake in iShares MSCI USA Quality Factor ETF in the 2nd quarter worth approximately $40,000.

iShares MSCI USA Quality Factor ETF Trading Up 13.3%

Shares of QUAL opened at $200.16 on Wednesday. The firm has a fifty day simple moving average of $196.40 and a two-hundred day simple moving average of $190.28. The firm has a market cap of $58.04 billion, a PE 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.

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. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.