iShares MSCI USA Quality Factor ETF (BATS:QUAL) Position Reduced by Advisor Resource Council

Advisor Resource Council reduced its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 90.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,457 shares of the company’s stock after selling 23,570 shares during the quarter. Advisor Resource Council’s holdings in iShares MSCI USA Quality Factor ETF were worth $404,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of QUAL. Fluent Financial LLC bought a new stake in shares of iShares MSCI USA Quality Factor ETF during the 1st quarter worth $963,000. True Link Financial Advisors LLC boosted its position in shares of iShares MSCI USA Quality Factor ETF by 8,895.8% in the 1st quarter. True Link Financial Advisors LLC now owns 173,708 shares of the company’s stock valued at $28,549,000 after purchasing an additional 171,777 shares during the period. Silverlake Wealth Management LLC increased its stake in iShares MSCI USA Quality Factor ETF by 37.3% in the 1st quarter. Silverlake Wealth Management LLC now owns 12,291 shares of the company’s stock worth $2,020,000 after purchasing an additional 3,338 shares in the last quarter. Summit Investment Advisory Services LLC raised its holdings in iShares MSCI USA Quality Factor ETF by 30.0% during the 1st quarter. Summit Investment Advisory Services LLC now owns 2,036 shares of the company’s stock worth $335,000 after buying an additional 470 shares during the period. Finally, State of Michigan Retirement System lifted its stake in iShares MSCI USA Quality Factor ETF by 8.8% during the first quarter. State of Michigan Retirement System now owns 234,950 shares of the company’s stock valued at $38,614,000 after buying an additional 19,000 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of QUAL opened at $172.21 on Friday. The company has a 50-day moving average of $166.73 and a two-hundred day moving average of $159.64. The stock has a market cap of $45.45 billion, a price-to-earnings 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.

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.