Cynosure Group LLC Cuts Position in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Cynosure Group LLC lowered its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,701 shares of the company’s stock after selling 1,717 shares during the period. iShares MSCI USA Quality Factor ETF makes up approximately 1.3% of Cynosure Group LLC’s holdings, making the stock its 17th largest holding. Cynosure Group LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $8,495,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. LPL Financial LLC boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 14.5% during the fourth quarter. LPL Financial LLC now owns 16,867,820 shares of the company’s stock worth $3,003,821,000 after purchasing an additional 2,141,996 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 14.6% during the fourth quarter. JPMorgan Chase & Co. now owns 6,580,546 shares of the company’s stock valued at $1,171,864,000 after acquiring an additional 837,887 shares in the last quarter. M&T Bank Corp raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 0.7% during the third quarter. M&T Bank Corp now owns 4,050,192 shares of the company’s stock valued at $726,199,000 after acquiring an additional 28,147 shares in the last quarter. Keybank National Association OH boosted its holdings in iShares MSCI USA Quality Factor ETF by 1.7% in the fourth quarter. Keybank National Association OH now owns 3,964,384 shares of the company’s stock valued at $705,977,000 after acquiring an additional 64,819 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in shares of iShares MSCI USA Quality Factor ETF by 0.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,218,965 shares of the company’s stock worth $573,233,000 after purchasing an additional 11,653 shares during the period.

iShares MSCI USA Quality Factor ETF Stock Performance

QUAL stock opened at $171.33 on Wednesday. iShares MSCI USA Quality Factor ETF has a fifty-two week low of $154.17 and a fifty-two week high of $187.26. The company has a market capitalization of $48.55 billion, a price-to-earnings ratio of 26.25 and a beta of 1.05. The business’s 50 day moving average price is $179.07 and its two-hundred day moving average price is $180.23.

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.