iShares MSCI USA Quality Factor ETF (BATS:QUAL) Shares Sold by Forte Asset Management LLC

Forte Asset Management LLC trimmed its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,367 shares of the company’s stock after selling 646 shares during the quarter. iShares MSCI USA Quality Factor ETF makes up about 5.6% of Forte Asset Management LLC’s holdings, making the stock its 4th biggest position. Forte Asset Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $8,147,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. BlackRock Inc. grew its stake in iShares MSCI USA Quality Factor ETF by 145.7% during the 1st quarter. BlackRock Inc. now owns 6,831,614 shares of the company’s stock valued at $847,564,000 after purchasing an additional 4,051,296 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in shares of iShares MSCI USA Quality Factor ETF in the 3rd quarter worth approximately $337,131,000. JPMorgan Chase & Co. boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 252.1% during the 1st quarter. JPMorgan Chase & Co. now owns 2,913,485 shares of the company’s stock worth $361,461,000 after acquiring an additional 2,085,944 shares in the last quarter. FMR LLC lifted its stake in iShares MSCI USA Quality Factor ETF by 6.7% in the 3rd quarter. FMR LLC now owns 14,616,008 shares of the company’s stock worth $1,926,244,000 after acquiring an additional 923,875 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of iShares MSCI USA Quality Factor ETF by 75.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,047,250 shares of the company’s stock valued at $269,807,000 after acquiring an additional 882,291 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of QUAL traded down $0.34 during trading hours on Friday, hitting $156.87. 1,849,417 shares of the company were exchanged. iShares MSCI USA Quality Factor ETF has a 52 week low of $71.96 and a 52 week high of $88.63. The company has a market cap of $41.05 billion, a PE ratio of 23.32 and a beta of 1.04. The firm’s 50 day moving average is $160.98 and its 200-day moving average is $148.66.

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.