Advisory Services Network LLC Decreases Position in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Advisory Services Network LLC lessened its holdings in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 0.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 44,049 shares of the company’s stock after selling 341 shares during the quarter. Advisory Services Network LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $7,240,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Baystate Wealth Management LLC raised its stake in iShares MSCI USA Quality Factor ETF by 1.2% in the 4th quarter. Baystate Wealth Management LLC now owns 169,324 shares of the company’s stock worth $24,914,000 after acquiring an additional 1,997 shares during the last quarter. Millington Financial Advisors LLC grew its position in iShares MSCI USA Quality Factor ETF by 1.5% during the 4th quarter. Millington Financial Advisors LLC now owns 19,461 shares of the company’s stock worth $2,863,000 after purchasing an additional 296 shares during the period. Mather Group LLC. grew its position in iShares MSCI USA Quality Factor ETF by 111.8% during the 4th quarter. Mather Group LLC. now owns 4,959 shares of the company’s stock worth $730,000 after purchasing an additional 2,618 shares during the period. Spire Wealth Management grew its position in iShares MSCI USA Quality Factor ETF by 4.7% during the 4th quarter. Spire Wealth Management now owns 93,564 shares of the company’s stock worth $14,110,000 after purchasing an additional 4,236 shares during the period. Finally, MA Private Wealth grew its position in iShares MSCI USA Quality Factor ETF by 50.6% during the 4th quarter. MA Private Wealth now owns 272,596 shares of the company’s stock worth $40,110,000 after purchasing an additional 91,571 shares during the period.

iShares MSCI USA Quality Factor ETF Trading Down 0.9 %

QUAL traded down $1.61 during midday trading on Friday, hitting $173.05. 861,376 shares of the company were exchanged. The company’s 50 day simple moving average is $168.31 and its 200 day simple moving average is $160.56. The firm has a market capitalization of $45.67 billion, a price-to-earnings ratio of 23.03 and a beta of 1.03. iShares MSCI USA Quality Factor ETF has a 1-year low of $71.96 and a 1-year high of $88.63.

About iShares MSCI USA Quality Factor ETF

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.