ERn Financial LLC Lowers Stock Holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

ERn Financial LLC cut its holdings in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 6.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 58,610 shares of the company’s stock after selling 4,177 shares during the quarter. iShares MSCI USA Quality Factor ETF comprises approximately 1.6% of ERn Financial LLC’s portfolio, making the stock its 17th biggest holding. ERn Financial LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $10,016,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 2.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 29,141,751 shares of the company’s stock valued at $5,189,563,000 after purchasing an additional 596,515 shares during the last quarter. LPL Financial LLC raised its position in shares of iShares MSCI USA Quality Factor ETF by 14.5% in the 4th quarter. LPL Financial LLC now owns 16,867,820 shares of the company’s stock worth $3,003,821,000 after buying an additional 2,141,996 shares during the period. FMR LLC boosted its holdings in iShares MSCI USA Quality Factor ETF by 1.8% in the fourth quarter. FMR LLC now owns 16,141,300 shares of the company’s stock valued at $2,874,443,000 after acquiring an additional 292,539 shares during the last quarter. Bank of America Corp DE grew its position in iShares MSCI USA Quality Factor ETF by 1.5% during the fourth quarter. Bank of America Corp DE now owns 7,721,037 shares of the company’s stock valued at $1,374,962,000 after acquiring an additional 113,633 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in 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 worth $1,171,864,000 after acquiring an additional 837,887 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

iShares MSCI USA Quality Factor ETF stock opened at $176.54 on Thursday. The company has a market cap of $50.96 billion, a price-to-earnings ratio of 25.81 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 12 month low of $148.34 and a 12 month high of $187.26. The stock’s 50-day moving average is $172.87 and its 200-day moving average is $176.48.

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.