SteelPeak Wealth LLC Cuts Position in iShares MSCI USA Quality Factor ETF $QUAL

SteelPeak Wealth LLC lessened its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 38.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 104,802 shares of the company’s stock after selling 64,502 shares during the quarter. SteelPeak Wealth LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $20,816,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Avantra Family Wealth Inc. purchased a new position in iShares MSCI USA Quality Factor ETF in the third quarter worth approximately $1,493,000. Dynasty Wealth Management LLC boosted its stake in iShares MSCI USA Quality Factor ETF by 18.3% in the third 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 in the last quarter. Cabot Wealth Management Inc. boosted its position in shares of iShares MSCI USA Quality Factor ETF by 8.7% in the 3rd quarter. Cabot Wealth Management Inc. now owns 42,044 shares of the company’s stock valued at $8,177,000 after purchasing an additional 3,369 shares during the period. Insight Inv LLC acquired a new stake in shares of iShares MSCI USA Quality Factor ETF in the third quarter valued at approximately $1,016,000. Finally, CGC Financial Services LLC grew its position in iShares MSCI USA Quality Factor ETF by 846.1% during the 3rd quarter. CGC Financial Services LLC now owns 149,619 shares of the company’s stock worth $29,101,000 after purchasing an additional 133,804 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

BATS QUAL opened at $193.16 on Friday. The business’s 50-day moving average price is $199.44 and its 200 day moving average price is $197.92. iShares MSCI USA Quality Factor ETF has a 52-week low of $148.34 and a 52-week high of $205.65. The firm has a market cap of $56.01 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.