Beacon Bridge Wealth Partners LLC Sells 4,699 Shares of iShares MSCI USA Quality Factor ETF $QUAL

Beacon Bridge Wealth Partners LLC cut its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 5.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 89,928 shares of the company’s stock after selling 4,699 shares during the period. iShares MSCI USA Quality Factor ETF accounts for approximately 6.2% of Beacon Bridge Wealth Partners LLC’s portfolio, making the stock its 2nd biggest holding. Beacon Bridge Wealth Partners LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $17,491,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Savvy Advisors Inc. increased its position in iShares MSCI USA Quality Factor ETF by 51.3% in the 3rd quarter. Savvy Advisors Inc. now owns 24,697 shares of the company’s stock worth $4,803,000 after buying an additional 8,370 shares during the period. Willis Johnson & Associates Inc. grew its stake in shares of iShares MSCI USA Quality Factor ETF by 16.6% in the third quarter. Willis Johnson & Associates Inc. now owns 3,936 shares of the company’s stock worth $766,000 after acquiring an additional 559 shares during the last quarter. Caprock Group LLC bought a new position in iShares MSCI USA Quality Factor ETF during the third quarter worth $13,274,000. Krilogy Financial LLC acquired a new position in iShares MSCI USA Quality Factor ETF during the 3rd quarter valued at $484,000. Finally, Northwest Financial Advisors bought a new stake in iShares MSCI USA Quality Factor ETF in the 3rd quarter valued at $276,000.

iShares MSCI USA Quality Factor ETF Stock Performance

BATS:QUAL opened at $203.79 on Thursday. The firm’s 50-day moving average is $201.34 and its 200-day moving average is $195.30. iShares MSCI USA Quality Factor ETF has a 52-week low of $148.34 and a 52-week high of $205.48. The company has a market cap of $59.09 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.