Formidable Asset Management LLC Sells 2,690 Shares of iShares MSCI USA Quality Factor ETF $QUAL

Formidable Asset Management LLC lessened its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 6.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,680 shares of the company’s stock after selling 2,690 shares during the period. iShares MSCI USA Quality Factor ETF makes up approximately 1.2% of Formidable Asset Management LLC’s portfolio, making the stock its 14th biggest holding. Formidable Asset Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $8,107,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Avantra Family Wealth Inc. purchased a new position in shares of iShares MSCI USA Quality Factor ETF in the 3rd quarter worth about $1,493,000. Dynasty Wealth Management LLC increased its holdings in iShares MSCI USA Quality Factor ETF by 18.3% during the third quarter. Dynasty Wealth Management LLC now owns 582,095 shares of the company’s stock worth $113,218,000 after buying an additional 90,195 shares during the last quarter. Cabot Wealth Management Inc. increased its holdings in iShares MSCI USA Quality Factor ETF by 8.7% during the third quarter. Cabot Wealth Management Inc. now owns 42,044 shares of the company’s stock worth $8,177,000 after buying an additional 3,369 shares during the last quarter. Insight Inv LLC bought a new stake in iShares MSCI USA Quality Factor ETF in the third quarter worth about $1,016,000. Finally, CGC Financial Services LLC boosted its stake in iShares MSCI USA Quality Factor ETF by 846.1% in the third quarter. CGC Financial Services LLC now owns 149,619 shares of the company’s stock valued at $29,101,000 after acquiring an additional 133,804 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Up 0.2%

QUAL opened at $193.16 on Friday. iShares MSCI USA Quality Factor ETF has a twelve month low of $148.34 and a twelve month high of $205.65. The company’s 50-day moving average price is $199.63 and its two-hundred day moving average price is $197.90. The stock has a market cap of $56.01 billion, a price-to-earnings 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.