NewEdge Advisors LLC trimmed its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL – Free Report) by 66.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 248,757 shares of the company’s stock after selling 483,925 shares during the quarter. NewEdge Advisors LLC owned about 0.09% of iShares MSCI USA Quality Factor ETF worth $54,585,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also made changes to their positions in the stock. Advocate Investing Services LLC acquired a new stake in iShares MSCI USA Quality Factor ETF in the fourth quarter worth $25,000. Resources Management Corp CT ADV acquired a new position in shares of iShares MSCI USA Quality Factor ETF during the fourth quarter valued at $27,000. Financial Life Planners acquired a new position in shares of iShares MSCI USA Quality Factor ETF during the first quarter valued at $28,000. Cornerstone Financial Management LLC bought a new position in shares of iShares MSCI USA Quality Factor ETF during the fourth quarter worth about $30,000. Finally, Godsey & Gibb Inc. grew its position in shares of iShares MSCI USA Quality Factor ETF by 69.8% during the first quarter. Godsey & Gibb Inc. now owns 163 shares of the company’s stock worth $31,000 after acquiring an additional 67 shares during the last quarter.
iShares MSCI USA Quality Factor ETF Stock Down 0.8%
QUAL stock opened at $220.79 on Wednesday. The stock has a market cap of $64.02 billion, a PE ratio of 25.59 and a beta of 1.05. The firm’s 50-day simple moving average is $221.26 and its 200 day simple moving average is $211.39. iShares MSCI USA Quality Factor ETF has a fifty-two week low of $185.88 and a fifty-two week high of $227.32.
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.
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