iShares MSCI USA Quality Factor ETF $QUAL Shares Sold by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. reduced its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 51.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,425 shares of the company’s stock after selling 5,743 shares during the period. Sovereign Financial Group Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $1,078,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Avantra Family Wealth Inc. purchased a new position in shares of iShares MSCI USA Quality Factor ETF in the 3rd quarter valued at about $1,493,000. Dynasty Wealth Management LLC boosted its holdings 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 buying an additional 90,195 shares in the last quarter. Cabot Wealth Management Inc. boosted its holdings 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 buying an additional 3,369 shares in the last quarter. Insight Inv LLC acquired a new position in iShares MSCI USA Quality Factor ETF during the third quarter worth about $1,016,000. Finally, CGC Financial Services LLC grew its position in iShares MSCI USA Quality Factor ETF by 846.1% during the third quarter. CGC Financial Services LLC now owns 149,619 shares of the company’s stock worth $29,101,000 after buying an additional 133,804 shares during the period.

iShares MSCI USA Quality Factor ETF Trading Down 1.2%

Shares of iShares MSCI USA Quality Factor ETF stock opened at $191.89 on Friday. The company has a 50-day moving average of $201.66 and a two-hundred day moving average of $197.87. iShares MSCI USA Quality Factor ETF has a 12-month low of $148.34 and a 12-month high of $205.65. The stock has a market cap of $55.64 billion, a PE 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.