Formidable Asset Management LLC Lowers Stock Holdings in iShares MSCI USA Quality Factor ETF $QUAL

Formidable Asset Management LLC reduced its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 14.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,843 shares of the company’s stock after selling 5,837 shares during the quarter. iShares MSCI USA Quality Factor ETF comprises approximately 1.1% of Formidable Asset Management LLC’s holdings, making the stock its 16th largest position. Formidable Asset Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $7,119,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in QUAL. Aspire Private Capital LLC increased its position in iShares MSCI USA Quality Factor ETF by 2.5% during the 1st quarter. Aspire Private Capital LLC now owns 8,692 shares of the company’s stock valued at $1,667,000 after buying an additional 208 shares in the last quarter. Catalyst Capital Advisors LLC boosted its holdings in iShares MSCI USA Quality Factor ETF by 17.4% in the first quarter. Catalyst Capital Advisors LLC now owns 249,681 shares of the company’s stock worth $47,891,000 after acquiring an additional 37,080 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its holdings in iShares MSCI USA Quality Factor ETF by 100.6% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 54,982 shares of the company’s stock worth $10,546,000 after acquiring an additional 27,578 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of iShares MSCI USA Quality Factor ETF by 2.2% in the first quarter. Janney Montgomery Scott LLC now owns 865,213 shares of the company’s stock worth $165,957,000 after acquiring an additional 18,526 shares during the last quarter. Finally, MRA Advisory Group grew its stake in shares of iShares MSCI USA Quality Factor ETF by 4.1% in the first quarter. MRA Advisory Group now owns 51,136 shares of the company’s stock worth $9,808,000 after acquiring an additional 1,999 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of BATS:QUAL opened at $213.66 on Monday. iShares MSCI USA Quality Factor ETF has a 1-year low of $180.66 and a 1-year high of $219.82. The business has a fifty day moving average price of $212.03 and a 200-day moving average price of $204.21. The company has a market capitalization of $61.95 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.