Envestnet Portfolio Solutions Inc. Cuts Stock Holdings in iShares MSCI USA Quality Factor ETF $QUAL

Envestnet Portfolio Solutions Inc. trimmed its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 42.6% during the 4th quarter, Holdings Channel reports. The firm owned 1,093,491 shares of the company’s stock after selling 811,925 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $217,189,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Dynasty Wealth Management LLC raised its position in shares of iShares MSCI USA Quality Factor ETF by 18.3% during the 3rd quarter. Dynasty Wealth Management LLC now owns 582,095 shares of the company’s stock valued at $113,218,000 after buying an additional 90,195 shares in the last quarter. Cabot Wealth Management Inc. grew its position in iShares MSCI USA Quality Factor ETF by 8.7% in the third quarter. Cabot Wealth Management Inc. now owns 42,044 shares of the company’s stock worth $8,177,000 after acquiring an additional 3,369 shares in the last quarter. Cassilly Financial Group LLC purchased a new position in iShares MSCI USA Quality Factor ETF in the fourth quarter worth $1,348,000. MB Generational Wealth LLC bought a new position in iShares MSCI USA Quality Factor ETF in the third quarter valued at $16,103,000. Finally, Coldstream Capital Management Inc. increased its stake in iShares MSCI USA Quality Factor ETF by 132.4% in the third quarter. Coldstream Capital Management Inc. now owns 1,044,546 shares of the company’s stock valued at $203,164,000 after acquiring an additional 595,017 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Up 0.2%

BATS QUAL opened at $210.92 on Tuesday. The stock’s 50-day simple moving average is $200.98 and its two-hundred day simple moving average is $200.30. iShares MSCI USA Quality Factor ETF has a twelve month low of $173.00 and a twelve month high of $212.78. The company has a market capitalization of $61.16 billion, a price-to-earnings 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.