Franklin Resources Inc. Sells 204,468 Shares of iShares MSCI USA Quality Factor ETF $QUAL

Franklin Resources Inc. lessened its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 54.6% during the 2nd quarter, Holdings Channel reports. The fund owned 169,731 shares of the company’s stock after selling 204,468 shares during the period. Franklin Resources Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $31,030,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BNP Paribas Financial Markets lifted its stake in shares of iShares MSCI USA Quality Factor ETF by 3,606,710.7% during the 1st quarter. BNP Paribas Financial Markets now owns 2,705,108 shares of the company’s stock worth $462,276,000 after purchasing an additional 2,705,033 shares during the last quarter. Symphony Financial Ltd. Co. grew its stake in iShares MSCI USA Quality Factor ETF by 4,818.8% in the second quarter. Symphony Financial Ltd. Co. now owns 1,716,464 shares of the company’s stock valued at $313,849,000 after purchasing an additional 1,681,568 shares during the last quarter. Focus Partners Wealth raised its holdings in iShares MSCI USA Quality Factor ETF by 213.6% in the first quarter. Focus Partners Wealth now owns 1,891,522 shares of the company’s stock worth $323,242,000 after purchasing an additional 1,288,398 shares in the last quarter. Liberty Wealth Management LLC lifted its position in shares of iShares MSCI USA Quality Factor ETF by 995.9% during the first quarter. Liberty Wealth Management LLC now owns 1,312,382 shares of the company’s stock valued at $224,273,000 after buying an additional 1,192,632 shares during the last quarter. Finally, Orgel Wealth Management LLC lifted its position in shares of iShares MSCI USA Quality Factor ETF by 56.8% during the second quarter. Orgel Wealth Management LLC now owns 2,954,525 shares of the company’s stock valued at $540,146,000 after buying an additional 1,070,608 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

BATS:QUAL opened at $197.47 on Thursday. The company’s 50-day simple moving average is $194.57 and its 200-day simple moving average is $187.35. iShares MSCI USA Quality Factor ETF has a fifty-two week low of $148.34 and a fifty-two week high of $187.26. The stock has a market capitalization of $57.26 billion, a P/E ratio of 25.59 and a beta of 1.05.

iShares MSCI USA Quality Factor ETF 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.