Balentine LLC Cuts Stake in iShares MSCI USA Quality Factor ETF $QUAL

Balentine LLC cut its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 5.4% during the third quarter, Holdings Channel reports. The firm owned 66,487 shares of the company’s stock after selling 3,765 shares during the quarter. iShares MSCI USA Quality Factor ETF makes up 0.5% of Balentine LLC’s portfolio, making the stock its 18th biggest holding. Balentine LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $12,932,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Hantz Financial Services Inc. bought a new stake in shares of iShares MSCI USA Quality Factor ETF during the third quarter valued at approximately $25,000. CoreFirst Bank & Trust purchased a new position in iShares MSCI USA Quality Factor ETF during the second quarter valued at $33,000. First Horizon Corp purchased a new position in iShares MSCI USA Quality Factor ETF during the third quarter valued at $36,000. Phillips Financial Management LLC bought a new stake in iShares MSCI USA Quality Factor ETF in the 3rd quarter valued at $39,000. Finally, Legacy Investment Solutions LLC purchased a new stake in iShares MSCI USA Quality Factor ETF in the 2nd quarter worth $40,000.

iShares MSCI USA Quality Factor ETF Stock Up 0.5%

Shares of iShares MSCI USA Quality Factor ETF stock opened at $201.75 on Tuesday. The firm has a market cap of $58.50 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. The business has a 50-day moving average price of $201.48 and a 200-day moving average price of $195.70. iShares MSCI USA Quality Factor ETF has a twelve month low of $148.34 and a twelve month high of $205.48.

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.