Wealthspire Advisors LLC Reduces Stock Position in iShares MSCI USA Quality Factor ETF $QUAL

Wealthspire Advisors LLC decreased its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 42.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,780 shares of the company’s stock after selling 64,617 shares during the quarter. Wealthspire Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $16,048,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Perennial Investment Advisors LLC raised its holdings in iShares MSCI USA Quality Factor ETF by 11.0% during the second quarter. Perennial Investment Advisors LLC now owns 106,398 shares of the company’s stock worth $19,455,000 after purchasing an additional 10,526 shares during the last quarter. PFG Private Wealth Management LLC increased its position in shares of iShares MSCI USA Quality Factor ETF by 2.3% in the second quarter. PFG Private Wealth Management LLC now owns 30,174 shares of the company’s stock valued at $5,516,000 after buying an additional 687 shares in the last quarter. Diversified Portfolios Inc. acquired a new position in shares of iShares MSCI USA Quality Factor ETF during the 2nd quarter worth $290,000. Semus Wealth Partners LLC boosted its position in shares of iShares MSCI USA Quality Factor ETF by 3.0% in the 2nd quarter. Semus Wealth Partners LLC now owns 6,657 shares of the company’s stock worth $1,217,000 after buying an additional 195 shares in the last quarter. Finally, Inspire Advisors LLC boosted its position in shares of iShares MSCI USA Quality Factor ETF by 13.0% in the 2nd quarter. Inspire Advisors LLC now owns 4,016 shares of the company’s stock worth $734,000 after buying an additional 462 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Trading Up 8.2%

BATS:QUAL opened at $191.11 on Wednesday. The company has a market capitalization of $55.41 billion, a P/E ratio of 25.59 and a beta of 1.05. The firm has a 50-day moving average price of $194.29 and a two-hundred day moving average price of $186.53. iShares MSCI USA Quality Factor ETF has a twelve month low of $148.34 and a twelve month high of $187.26.

iShares MSCI USA Quality Factor ETF Company 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.