HB Wealth Management LLC Decreases Stake in iShares MSCI USA Quality Factor ETF $QUAL

HB Wealth Management LLC trimmed its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 13.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,850 shares of the company’s stock after selling 2,761 shares during the quarter. HB Wealth Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $3,424,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Advocate Investing Services LLC purchased a new stake in iShares MSCI USA Quality Factor ETF in the fourth quarter worth $25,000. Resources Management Corp CT ADV bought a new stake in iShares MSCI USA Quality Factor ETF in the fourth quarter valued at $27,000. Financial Life Planners purchased a new position in iShares MSCI USA Quality Factor ETF during the 3rd quarter valued at $28,000. Ares Financial Consulting LLC purchased a new position in iShares MSCI USA Quality Factor ETF during the 4th quarter valued at $30,000. Finally, Cornerstone Financial Management LLC purchased a new position in iShares MSCI USA Quality Factor ETF during the 4th quarter valued at $30,000.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of BATS QUAL opened at $218.43 on Monday. The firm has a fifty day simple moving average of $213.27 and a two-hundred day simple moving average of $204.88. iShares MSCI USA Quality Factor ETF has a 12 month low of $181.55 and a 12 month high of $220.24. The firm has a market capitalization of $63.33 billion, a PE 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.