PFG Advisors Sells 43,571 Shares of iShares MSCI USA Quality Factor ETF $QUAL

PFG Advisors reduced its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 40.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 64,247 shares of the company’s stock after selling 43,571 shares during the quarter. PFG Advisors’ holdings in iShares MSCI USA Quality Factor ETF were worth $12,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 0.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,012,339 shares of the company’s stock worth $1,281,996,000 after purchasing an additional 50,889 shares during the period. Cerity Partners LLC lifted its stake in shares of iShares MSCI USA Quality Factor ETF by 39.6% in the second quarter. Cerity Partners LLC now owns 3,755,880 shares of the company’s stock valued at $686,910,000 after buying an additional 1,065,946 shares during the period. MML Investors Services LLC grew its position in iShares MSCI USA Quality Factor ETF by 1.3% during the second quarter. MML Investors Services LLC now owns 3,454,291 shares of the company’s stock worth $631,514,000 after buying an additional 44,285 shares in the last quarter. Orgel Wealth Management LLC grew its position in iShares MSCI USA Quality Factor ETF by 1.7% during the third quarter. Orgel Wealth Management LLC now owns 3,005,601 shares of the company’s stock worth $584,589,000 after buying an additional 51,076 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in iShares MSCI USA Quality Factor ETF by 2.9% during the third quarter. Blue Trust Inc. now owns 2,737,919 shares of the company’s stock valued at $532,525,000 after acquiring an additional 76,969 shares during the period.

iShares MSCI USA Quality Factor ETF Stock Down 1.5%

Shares of QUAL opened at $198.66 on Monday. The stock’s 50-day moving average price is $202.53 and its 200 day moving average price is $197.37. The firm has a market capitalization of $57.60 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 12-month low of $148.34 and a 12-month high of $205.65.

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. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.