Pettinga Financial Advisors LLC Sells 40,707 Shares of iShares MSCI USA Quality Factor ETF $QUAL

Pettinga Financial Advisors LLC cut its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 50.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,570 shares of the company’s stock after selling 40,707 shares during the quarter. iShares MSCI USA Quality Factor ETF accounts for 1.4% of Pettinga Financial Advisors LLC’s investment portfolio, making the stock its 23rd largest holding. Pettinga Financial Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $8,683,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. J.M. Arbour LLC bought a new stake in iShares MSCI USA Quality Factor ETF in the fourth quarter valued at $1,681,000. Liberty Wealth Management LLC boosted its position in shares of iShares MSCI USA Quality Factor ETF by 2.0% during the 4th quarter. Liberty Wealth Management LLC now owns 159,312 shares of the company’s stock worth $31,622,000 after purchasing an additional 3,188 shares in the last quarter. Sound Financial Strategies Group LLC grew its stake in shares of iShares MSCI USA Quality Factor ETF by 254.3% in the 4th quarter. Sound Financial Strategies Group LLC now owns 19,877 shares of the company’s stock valued at $3,948,000 after buying an additional 14,267 shares during the period. Concurrent Investment Advisors LLC grew its stake in shares of iShares MSCI USA Quality Factor ETF by 40.3% in the 4th quarter. Concurrent Investment Advisors LLC now owns 111,127 shares of the company’s stock valued at $22,072,000 after buying an additional 31,932 shares during the period. Finally, Uptick Partners LLC increased its position in iShares MSCI USA Quality Factor ETF by 32.5% in the 1st quarter. Uptick Partners LLC now owns 10,331 shares of the company’s stock valued at $1,982,000 after buying an additional 2,533 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of BATS QUAL opened at $225.69 on Monday. The stock has a market cap of $65.44 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a fifty-two week low of $184.60 and a fifty-two week high of $227.16. The firm’s 50-day simple moving average is $217.61 and its 200 day simple moving average is $208.12.

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.