iShares MSCI USA Quality Factor ETF $QUAL Stock Position Decreased by Ellis Investment Partners LLC

Ellis Investment Partners LLC cut its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 20.1% in the second quarter, Holdings Channel reports. The firm owned 11,074 shares of the company’s stock after selling 2,785 shares during the period. Ellis Investment Partners LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $2,025,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its stake in shares of iShares MSCI USA Quality Factor ETF by 9.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 31,853,469 shares of the company’s stock worth $5,443,439,000 after purchasing an additional 2,711,718 shares in the last quarter. LPL Financial LLC raised its stake in shares of iShares MSCI USA Quality Factor ETF by 7.8% in the 1st quarter. LPL Financial LLC now owns 18,186,643 shares of the company’s stock valued at $3,107,915,000 after acquiring an additional 1,318,823 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its stake in shares of iShares MSCI USA Quality Factor ETF by 2,898.7% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 7,622,243 shares of the company’s stock valued at $1,302,565,000 after acquiring an additional 7,368,058 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of iShares MSCI USA Quality Factor ETF by 5.8% in the 1st quarter. JPMorgan Chase & Co. now owns 6,961,450 shares of the company’s stock valued at $1,189,642,000 after acquiring an additional 380,904 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of iShares MSCI USA Quality Factor ETF by 6.7% in the 1st quarter. Ameriprise Financial Inc. now owns 5,143,391 shares of the company’s stock valued at $878,890,000 after acquiring an additional 324,478 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of QUAL stock opened at $190.99 on Monday. The stock’s 50 day simple moving average is $190.33 and its 200 day simple moving average is $180.45. iShares MSCI USA Quality Factor ETF has a twelve month low of $148.34 and a twelve month high of $187.26. The company has a market capitalization of $55.38 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.