AlTi Global Inc. Trims Stock Position in iShares MSCI USA Quality Factor ETF $QUAL

AlTi Global Inc. trimmed its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 42.7% during the first quarter, Holdings Channel reports. The institutional investor owned 14,557 shares of the company’s stock after selling 10,831 shares during the period. AlTi Global Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $2,792,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advocate Investing Services LLC purchased a new position in shares of iShares MSCI USA Quality Factor ETF during the 4th quarter worth about $25,000. Resources Management Corp CT ADV acquired a new stake in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter worth approximately $27,000. Financial Life Planners purchased a new stake in iShares MSCI USA Quality Factor ETF in the first quarter valued at approximately $28,000. Ares Financial Consulting LLC purchased a new stake in iShares MSCI USA Quality Factor ETF in the fourth quarter valued at approximately $30,000. Finally, Cornerstone Financial Management LLC acquired a new position in iShares MSCI USA Quality Factor ETF during the fourth quarter worth approximately $30,000.

iShares MSCI USA Quality Factor ETF Price Performance

BATS:QUAL opened at $217.87 on Monday. The company has a market cap of $63.17 billion, a P/E ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a fifty-two week low of $181.65 and a fifty-two week high of $221.16. The firm’s 50 day moving average is $215.49 and its two-hundred day moving average is $206.23.

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.