iShares MSCI USA Quality Factor ETF $QUAL Stock Position Cut by Drive Wealth Management LLC

Drive Wealth Management LLC trimmed its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 31.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,899 shares of the company’s stock after selling 3,125 shares during the quarter. Drive Wealth Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $1,342,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Avantra Family Wealth Inc. acquired a new stake in shares of iShares MSCI USA Quality Factor ETF in the third quarter valued at $1,493,000. Dynasty Wealth Management LLC lifted its holdings in iShares MSCI USA Quality Factor ETF by 18.3% in the 3rd quarter. Dynasty Wealth Management LLC now owns 582,095 shares of the company’s stock valued at $113,218,000 after acquiring an additional 90,195 shares during the last quarter. Walkner Condon Financial Advisors LLC acquired a new position in shares of iShares MSCI USA Quality Factor ETF in the 2nd quarter worth approximately $213,000. Insight Inv LLC acquired a new position in shares of iShares MSCI USA Quality Factor ETF in the 3rd quarter worth approximately $1,016,000. Finally, Coordinated Financial Services Inc. bought a new stake in shares of iShares MSCI USA Quality Factor ETF in the 2nd quarter worth approximately $980,000.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of BATS:QUAL opened at $202.71 on Friday. The stock has a market capitalization of $58.78 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 1-year low of $148.34 and a 1-year high of $187.26. The company has a 50 day moving average price of $199.21 and a 200 day moving average price of $193.55.

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. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.