Bulltick Wealth Management LLC Cuts Position in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Bulltick Wealth Management LLC trimmed its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 20.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,180 shares of the company’s stock after selling 2,562 shares during the period. Bulltick Wealth Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $1,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Provident Investment Management Inc. lifted its position in iShares MSCI USA Quality Factor ETF by 5.8% during the second quarter. Provident Investment Management Inc. now owns 11,142 shares of the company’s stock valued at $1,903,000 after purchasing an additional 614 shares during the last quarter. American Trust purchased a new position in iShares MSCI USA Quality Factor ETF in the fourth quarter worth about $21,979,000. Relative Value Partners Group LLC increased its stake in iShares MSCI USA Quality Factor ETF by 24.9% during the fourth quarter. Relative Value Partners Group LLC now owns 22,776 shares of the company’s stock worth $3,351,000 after acquiring an additional 4,547 shares during the last quarter. Cetera Advisor Networks LLC raised its position in iShares MSCI USA Quality Factor ETF by 8.3% during the fourth quarter. Cetera Advisor Networks LLC now owns 476,934 shares of the company’s stock valued at $70,176,000 after purchasing an additional 36,469 shares during the period. Finally, Scarborough Advisors LLC lifted its stake in shares of iShares MSCI USA Quality Factor ETF by 1,460.0% in the 4th quarter. Scarborough Advisors LLC now owns 973,510 shares of the company’s stock valued at $143,242,000 after purchasing an additional 911,104 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of iShares MSCI USA Quality Factor ETF stock opened at $178.40 on Friday. The stock has a 50 day moving average price of $172.96 and a 200-day moving average price of $167.78. iShares MSCI USA Quality Factor ETF has a one year low of $71.96 and a one year high of $88.63. The stock has a market cap of $47.08 billion, a price-to-earnings ratio of 23.03 and a beta of 1.03.

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.