Sovereign Financial Group Inc. Decreases Stock Position in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Sovereign Financial Group Inc. trimmed its holdings in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,633 shares of the company’s stock after selling 451 shares during the period. Sovereign Financial Group Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $2,072,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. GAMMA Investing LLC lifted its position in iShares MSCI USA Quality Factor ETF by 3.6% during the third quarter. GAMMA Investing LLC now owns 1,670 shares of the company’s stock valued at $299,000 after purchasing an additional 58 shares during the period. Rosenberg Matthew Hamilton grew its position in iShares MSCI USA Quality Factor ETF by 5.0% in the 4th quarter. Rosenberg Matthew Hamilton now owns 1,241 shares of the company’s stock worth $221,000 after purchasing an additional 59 shares during the period. Procyon Advisors LLC raised its stake in iShares MSCI USA Quality Factor ETF by 4.7% during the 3rd quarter. Procyon Advisors LLC now owns 1,354 shares of the company’s stock valued at $243,000 after buying an additional 61 shares during the last quarter. Columbus Macro LLC lifted its holdings in shares of iShares MSCI USA Quality Factor ETF by 1.3% during the 3rd quarter. Columbus Macro LLC now owns 5,116 shares of the company’s stock valued at $926,000 after buying an additional 66 shares during the period. Finally, Beaumont Financial Advisors LLC boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 3.0% in the 3rd quarter. Beaumont Financial Advisors LLC now owns 2,301 shares of the company’s stock worth $413,000 after buying an additional 67 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of QUAL opened at $176.64 on Wednesday. The firm has a market capitalization of $46.62 billion, a P/E ratio of 23.03 and a beta of 1.03. iShares MSCI USA Quality Factor ETF has a one year low of $71.96 and a one year high of $88.63. The business has a fifty day moving average of $182.06 and a 200 day moving average of $177.66.

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.