Spectrum Planning & Advisory Services Inc. Reduces Stock Holdings in iShares MSCI USA Quality Factor ETF $QUAL

Spectrum Planning & Advisory Services Inc. trimmed its holdings in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 37.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 26,456 shares of the company’s stock after selling 15,572 shares during the period. iShares MSCI USA Quality Factor ETF comprises 2.7% of Spectrum Planning & Advisory Services Inc.’s holdings, making the stock its 11th largest holding. Spectrum Planning & Advisory Services Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $5,255,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QUAL. Brighton Jones LLC grew its stake in iShares MSCI USA Quality Factor ETF by 25.3% during the 4th quarter. Brighton Jones LLC now owns 10,028 shares of the company’s stock worth $1,786,000 after buying an additional 2,023 shares during the last quarter. Heck Capital Advisors LLC purchased a new position in iShares MSCI USA Quality Factor ETF during the 4th quarter worth $81,990,000. Bison Wealth LLC grew its stake in iShares MSCI USA Quality Factor ETF by 21.6% during the 4th quarter. Bison Wealth LLC now owns 19,062 shares of the company’s stock worth $3,395,000 after buying an additional 3,383 shares during the last quarter. AQR Capital Management LLC grew its stake in iShares MSCI USA Quality Factor ETF by 45.5% during the 1st quarter. AQR Capital Management LLC now owns 19,681 shares of the company’s stock worth $3,363,000 after buying an additional 6,152 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in iShares MSCI USA Quality Factor ETF by 88.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 132,198 shares of the company’s stock worth $22,591,000 after buying an additional 62,219 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of QUAL stock opened at $215.78 on Wednesday. iShares MSCI USA Quality Factor ETF has a 1-year low of $175.20 and a 1-year high of $216.44. The stock’s fifty day moving average price is $204.36 and its 200 day moving average price is $201.61. The company has a market cap of $62.57 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05.

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