IFP Advisors Inc Cuts Holdings in iShares MSCI USA Quality Factor ETF $QUAL

IFP Advisors Inc lowered its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 15.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 51,558 shares of the company’s stock after selling 9,357 shares during the period. IFP Advisors Inc’s holdings in iShares MSCI USA Quality Factor ETF were worth $11,313,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Empire Life Investments Inc. grew its position in shares of iShares MSCI USA Quality Factor ETF by 0.8% during the 4th quarter. Empire Life Investments Inc. now owns 6,150 shares of the company’s stock valued at $1,222,000 after acquiring an additional 50 shares during the period. Sunbelt Securities Inc. raised its holdings in iShares MSCI USA Quality Factor ETF by 1.4% in the 4th quarter. Sunbelt Securities Inc. now owns 3,641 shares of the company’s stock worth $723,000 after purchasing an additional 52 shares during the period. First Command Advisory Services Inc. raised its holdings in iShares MSCI USA Quality Factor ETF by 16.5% in the 4th quarter. First Command Advisory Services Inc. now owns 374 shares of the company’s stock worth $74,000 after purchasing an additional 53 shares during the period. Northwest Financial Advisors boosted its position in iShares MSCI USA Quality Factor ETF by 3.8% during the first quarter. Northwest Financial Advisors now owns 1,457 shares of the company’s stock worth $279,000 after purchasing an additional 53 shares in the last quarter. Finally, Sherman Wealth Management LLC boosted its position in iShares MSCI USA Quality Factor ETF by 0.3% during the second quarter. Sherman Wealth Management LLC now owns 20,726 shares of the company’s stock worth $4,548,000 after purchasing an additional 53 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Trading Down 0.8%

Shares of QUAL opened at $220.79 on Wednesday. The firm has a market cap of $64.02 billion, a P/E ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 12 month low of $185.88 and a 12 month high of $227.32. The stock’s 50 day moving average is $221.26 and its two-hundred day moving average is $211.39.

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.