Allworth Financial LP Cuts Position in iShares MSCI USA Quality Factor ETF $QUAL

Allworth Financial LP trimmed its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 3.7% during the 2nd quarter, Holdings Channel reports. The fund owned 99,340 shares of the company’s stock after selling 3,768 shares during the period. Allworth Financial LP’s holdings in iShares MSCI USA Quality Factor ETF were worth $21,798,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Parkside Financial Bank & Trust raised its stake in iShares MSCI USA Quality Factor ETF by 52.9% during the second quarter. Parkside Financial Bank & Trust now owns 286 shares of the company’s stock valued at $63,000 after purchasing an additional 99 shares in the last quarter. Range Advisory LLC grew its stake in shares of iShares MSCI USA Quality Factor ETF by 26.5% in the 2nd quarter. Range Advisory LLC now owns 7,980 shares of the company’s stock worth $1,751,000 after buying an additional 1,673 shares in the last quarter. HORAN Wealth LLC grew its stake in shares of iShares MSCI USA Quality Factor ETF by 6.9% in the 2nd quarter. HORAN Wealth LLC now owns 11,556 shares of the company’s stock worth $2,536,000 after buying an additional 747 shares in the last quarter. Tobias Financial Advisors Inc. increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 1.0% in the 2nd quarter. Tobias Financial Advisors Inc. now owns 106,768 shares of the company’s stock worth $23,428,000 after buying an additional 1,070 shares during the last quarter. Finally, Ameritas Advisory Services LLC increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 2.3% in the 2nd quarter. Ameritas Advisory Services LLC now owns 109,152 shares of the company’s stock worth $23,951,000 after buying an additional 2,443 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of BATS QUAL traded down $1.79 during mid-day trading on Tuesday, hitting $220.79. 881,256 shares of the company’s stock traded hands, compared to its average volume of 1,655,968. iShares MSCI USA Quality Factor ETF has a 1 year low of $185.88 and a 1 year high of $227.32. The company’s 50-day moving average is $221.23 and its two-hundred day moving average is $211.27. The company has a market capitalization of $64.02 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.