iShares MSCI USA Quality Factor ETF (BATS:QUAL) Shares Sold by SPC Financial Inc.

SPC Financial Inc. cut its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 1.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 198,210 shares of the company’s stock after selling 2,271 shares during the period. iShares MSCI USA Quality Factor ETF makes up about 3.1% of SPC Financial Inc.’s portfolio, making the stock its 7th biggest holding. SPC Financial Inc. owned approximately 0.08% of iShares MSCI USA Quality Factor ETF worth $32,576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its stake in shares of iShares MSCI USA Quality Factor ETF by 2.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 26,751,547 shares of the company’s stock valued at $3,936,223,000 after purchasing an additional 744,380 shares during the last quarter. UBS Group AG increased its stake in shares of iShares MSCI USA Quality Factor ETF by 4.9% in the 4th quarter. UBS Group AG now owns 4,276,029 shares of the company’s stock valued at $629,175,000 after purchasing an additional 200,655 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of iShares MSCI USA Quality Factor ETF by 30.0% in the 4th quarter. Wells Fargo & Company MN now owns 3,886,985 shares of the company’s stock valued at $571,931,000 after purchasing an additional 897,256 shares during the last quarter. M&T Bank Corp increased its stake in shares of iShares MSCI USA Quality Factor ETF by 1.7% in the 4th quarter. M&T Bank Corp now owns 3,665,986 shares of the company’s stock valued at $539,416,000 after purchasing an additional 59,771 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its stake in shares of iShares MSCI USA Quality Factor ETF by 10.1% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,816,195 shares of the company’s stock valued at $414,375,000 after purchasing an additional 258,104 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Down 0.9 %

Shares of QUAL traded down $1.61 during midday trading on Thursday, hitting $173.05. The company’s stock had a trading volume of 861,372 shares. iShares MSCI USA Quality Factor ETF has a one year low of $71.96 and a one year high of $88.63. The company’s fifty day simple moving average is $168.31 and its two-hundred day simple moving average is $160.56. The stock has a market capitalization of $45.67 billion, a price-to-earnings ratio of 23.03 and a beta of 1.03.

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.