Fortis Group Advisors LLC Decreases Stake in iShares MSCI USA Quality Factor ETF $QUAL

Fortis Group Advisors LLC trimmed its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 85.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,524 shares of the company’s stock after selling 15,071 shares during the quarter. Fortis Group Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $495,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hantz Financial Services Inc. purchased a new stake in iShares MSCI USA Quality Factor ETF during the 3rd quarter worth about $25,000. CoreFirst Bank & Trust acquired a new stake in shares of iShares MSCI USA Quality Factor ETF during the 2nd quarter worth about $33,000. First Horizon Corp acquired a new stake in shares of iShares MSCI USA Quality Factor ETF during the 3rd quarter worth about $36,000. Phillips Financial Management LLC purchased a new stake in iShares MSCI USA Quality Factor ETF during the third quarter worth approximately $39,000. Finally, Legacy Investment Solutions LLC acquired a new position in iShares MSCI USA Quality Factor ETF in the second quarter valued at approximately $40,000.

iShares MSCI USA Quality Factor ETF Stock Up 0.6%

Shares of iShares MSCI USA Quality Factor ETF stock opened at $203.49 on Thursday. iShares MSCI USA Quality Factor ETF has a 52 week low of $148.34 and a 52 week high of $205.48. The firm’s 50 day moving average is $201.64 and its two-hundred day moving average is $195.89. The firm has a market capitalization of $59.00 billion, a P/E ratio of 25.59 and a beta of 1.05.

iShares MSCI USA Quality Factor ETF Company 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.