Sequoia Financial Advisors LLC Reduces Stake in iShares MSCI USA Quality Factor ETF $QUAL

Sequoia Financial Advisors LLC decreased its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 17.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 105,522 shares of the company’s stock after selling 23,063 shares during the period. Sequoia Financial Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $20,524,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in QUAL. Brighton Jones LLC grew its position in shares of iShares MSCI USA Quality Factor ETF by 25.3% in the fourth quarter. Brighton Jones LLC now owns 10,028 shares of the company’s stock valued at $1,786,000 after purchasing an additional 2,023 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in iShares MSCI USA Quality Factor ETF in the 4th quarter valued at approximately $81,990,000. Bison Wealth LLC grew its holdings in iShares MSCI USA Quality Factor ETF by 21.6% during the 4th quarter. Bison Wealth LLC now owns 19,062 shares of the company’s stock valued at $3,395,000 after buying an additional 3,383 shares during the last quarter. AQR Capital Management LLC increased its position in iShares MSCI USA Quality Factor ETF by 45.5% during the first quarter. AQR Capital Management LLC now owns 19,681 shares of the company’s stock worth $3,363,000 after buying an additional 6,152 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in iShares MSCI USA Quality Factor ETF by 88.9% during the first quarter. Goldman Sachs Group Inc. now owns 132,198 shares of the company’s stock worth $22,591,000 after buying an additional 62,219 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Stock Up 15.2%

QUAL opened at $203.40 on Friday. The firm has a market cap of $58.98 billion, a P/E ratio of 25.59 and a beta of 1.05. The business’s fifty day simple moving average is $198.57 and its 200 day simple moving average is $193.00. iShares MSCI USA Quality Factor ETF has a 52 week low of $148.34 and a 52 week high of $187.26.

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.