Sollinda Capital Management LLC Sells 2,496 Shares of iShares MSCI USA Quality Factor ETF $QUAL

Sollinda Capital Management LLC reduced its holdings in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 12.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,886 shares of the company’s stock after selling 2,496 shares during the quarter. iShares MSCI USA Quality Factor ETF accounts for about 0.9% of Sollinda Capital Management LLC’s holdings, making the stock its 18th biggest position. Sollinda Capital Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $3,284,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in QUAL. Keener Financial Planning LLC bought a new position in iShares MSCI USA Quality Factor ETF during the 2nd quarter valued at $29,000. CoreFirst Bank & Trust bought a new position in iShares MSCI USA Quality Factor ETF in the 2nd quarter valued at $33,000. First Horizon Corp bought a new stake in shares of iShares MSCI USA Quality Factor ETF during the 3rd quarter worth $36,000. Phillips Financial Management LLC bought a new position in iShares MSCI USA Quality Factor ETF during the third quarter valued at about $39,000. Finally, Legacy Investment Solutions LLC bought a new stake in iShares MSCI USA Quality Factor ETF in the second quarter worth about $40,000.

iShares MSCI USA Quality Factor ETF Stock Up 15.3%

QUAL opened at $203.69 on Tuesday. The stock has a market cap of $59.06 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. The company’s 50-day moving average price is $200.67 and its two-hundred day moving average price is $194.52. iShares MSCI USA Quality Factor ETF has a twelve month low of $148.34 and a twelve month 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.