Principal Financial Group Inc. Has $914,000 Position in iShares MSCI USA Quality Factor ETF $QUAL

Principal Financial Group Inc. cut its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 72.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,701 shares of the company’s stock after selling 12,291 shares during the period. Principal Financial Group Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $914,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of QUAL. Avantra Family Wealth Inc. bought a new stake in shares of iShares MSCI USA Quality Factor ETF during the 3rd quarter worth $1,493,000. Dynasty Wealth Management LLC raised its stake in iShares MSCI USA Quality Factor ETF by 18.3% during the third quarter. Dynasty Wealth Management LLC now owns 582,095 shares of the company’s stock worth $113,218,000 after acquiring an additional 90,195 shares in the last quarter. Cabot Wealth Management Inc. raised its stake in iShares MSCI USA Quality Factor ETF by 8.7% during the third quarter. Cabot Wealth Management Inc. now owns 42,044 shares of the company’s stock worth $8,177,000 after acquiring an additional 3,369 shares in the last quarter. Walkner Condon Financial Advisors LLC bought a new position in shares of iShares MSCI USA Quality Factor ETF in the second quarter worth about $213,000. Finally, Insight Inv LLC bought a new position in shares of iShares MSCI USA Quality Factor ETF in the third quarter worth about $1,016,000.

iShares MSCI USA Quality Factor ETF Trading Up 0.6%

Shares of iShares MSCI USA Quality Factor ETF stock opened at $203.49 on Thursday. The firm has a market capitalization of $59.00 billion, a PE ratio of 25.59 and a beta of 1.05. The firm’s 50 day moving average is $201.64 and its 200 day moving average is $195.89. iShares MSCI USA Quality Factor ETF has a 1 year low of $148.34 and a 1 year high of $205.48.

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.