Sovran Advisors LLC Cuts Stock Position in iShares MSCI USA Quality Factor ETF $QUAL

Sovran Advisors LLC cut its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 18.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 70,956 shares of the company’s stock after selling 15,849 shares during the quarter. iShares MSCI USA Quality Factor ETF makes up approximately 1.2% of Sovran Advisors LLC’s investment portfolio, making the stock its 12th largest holding. Sovran Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $14,439,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 25.3% in the 4th quarter. Brighton Jones LLC now owns 10,028 shares of the company’s stock valued at $1,786,000 after buying an additional 2,023 shares in the last quarter. Heck Capital Advisors LLC bought a new position in shares of iShares MSCI USA Quality Factor ETF during the 4th quarter worth approximately $81,990,000. Bison Wealth LLC raised its stake in shares of iShares MSCI USA Quality Factor ETF by 21.6% during the 4th quarter. Bison Wealth LLC now owns 19,062 shares of the company’s stock worth $3,395,000 after acquiring an additional 3,383 shares in the last quarter. AQR Capital Management LLC lifted its position in iShares MSCI USA Quality Factor ETF by 45.5% during the first quarter. AQR Capital Management LLC now owns 19,681 shares of the company’s stock valued at $3,363,000 after acquiring an additional 6,152 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in iShares MSCI USA Quality Factor ETF by 88.9% during the first quarter. Goldman Sachs Group Inc. now owns 132,198 shares of the company’s stock valued at $22,591,000 after acquiring an additional 62,219 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of QUAL opened at $193.16 on Friday. The company has a 50 day moving average of $199.44 and a two-hundred day moving average of $197.96. iShares MSCI USA Quality Factor ETF has a twelve month low of $148.34 and a twelve month high of $205.65. The company has a market cap of $56.01 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05.

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.