L. Roy Papp & Associates LLP Has $410,000 Stock Position in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

L. Roy Papp & Associates LLP reduced its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 3.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,401 shares of the company’s stock after selling 76 shares during the period. L. Roy Papp & Associates LLP’s holdings in iShares MSCI USA Quality Factor ETF were worth $410,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. BankPlus Trust Department acquired a new position in iShares MSCI USA Quality Factor ETF during the fourth quarter valued at approximately $27,000. Rialto Wealth Management LLC acquired a new position in iShares MSCI USA Quality Factor ETF during the fourth quarter valued at approximately $32,000. Bellwether Advisors LLC acquired a new position in iShares MSCI USA Quality Factor ETF during the fourth quarter valued at approximately $32,000. CoreFirst Bank & Trust acquired a new position in iShares MSCI USA Quality Factor ETF during the fourth quarter valued at approximately $32,000. Finally, Mascagni Wealth Management Inc. acquired a new position in iShares MSCI USA Quality Factor ETF during the fourth quarter valued at approximately $36,000.

iShares MSCI USA Quality Factor ETF Stock Performance

BATS QUAL opened at $179.59 on Thursday. The firm’s fifty day moving average price is $169.53 and its two-hundred day moving average price is $176.72. The stock has a market cap of $51.84 billion, a PE ratio of 25.81 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a fifty-two week low of $148.34 and a fifty-two week high of $187.26.

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.