Twin Peaks Wealth Advisors LLC Lowers Position in iShares MSCI USA Quality Factor ETF $QUAL

Twin Peaks Wealth Advisors LLC lessened its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 10.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,683 shares of the company’s stock after selling 4,398 shares during the period. iShares MSCI USA Quality Factor ETF makes up approximately 2.6% of Twin Peaks Wealth Advisors LLC’s holdings, making the stock its 9th largest position. Twin Peaks Wealth Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $7,718,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its holdings in shares of iShares MSCI USA Quality Factor ETF by 2.0% in the second quarter. Envestnet Asset Management Inc. now owns 32,478,050 shares of the company’s stock worth $5,937,618,000 after acquiring an additional 624,581 shares during the period. JPMorgan Chase & Co. boosted its position in iShares MSCI USA Quality Factor ETF by 0.7% in the second quarter. JPMorgan Chase & Co. now owns 7,012,339 shares of the company’s stock worth $1,281,996,000 after purchasing an additional 50,889 shares during the last quarter. Cerity Partners LLC grew its stake in shares of iShares MSCI USA Quality Factor ETF by 39.6% during the 2nd quarter. Cerity Partners LLC now owns 3,755,880 shares of the company’s stock valued at $686,910,000 after purchasing an additional 1,065,946 shares during the period. MML Investors Services LLC increased its position in shares of iShares MSCI USA Quality Factor ETF by 1.3% during the 2nd quarter. MML Investors Services LLC now owns 3,454,291 shares of the company’s stock valued at $631,514,000 after purchasing an additional 44,285 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of iShares MSCI USA Quality Factor ETF by 1.9% in the 2nd quarter. CWM LLC now owns 3,387,135 shares of the company’s stock worth $619,236,000 after purchasing an additional 64,226 shares during the period.

iShares MSCI USA Quality Factor ETF Trading Up 14.3%

QUAL opened at $201.94 on Thursday. iShares MSCI USA Quality Factor ETF has a 12-month low of $148.34 and a 12-month high of $187.26. The company has a market cap of $58.55 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. The company’s 50 day moving average is $198.89 and its 200 day moving average is $193.35.

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.