Journey Advisory Group LLC Has $23.49 Million Stake in iShares MSCI USA Quality Factor ETF $QUAL

Journey Advisory Group LLC cut its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 4.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 128,492 shares of the company’s stock after selling 5,593 shares during the period. iShares MSCI USA Quality Factor ETF makes up 1.8% of Journey Advisory Group LLC’s portfolio, making the stock its 9th largest position. Journey Advisory Group LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $23,491,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in QUAL. Flow Traders U.S. LLC increased its position in shares of iShares MSCI USA Quality Factor ETF by 412.9% in the first quarter. Flow Traders U.S. LLC now owns 64,002 shares of the company’s stock valued at $10,937,000 after acquiring an additional 51,524 shares during the period. Coordinated Financial Services Inc. purchased a new position in shares of iShares MSCI USA Quality Factor ETF in the second quarter valued at about $980,000. Wealthcare Advisory Partners LLC increased its position in shares of iShares MSCI USA Quality Factor ETF by 6.3% in the second quarter. Wealthcare Advisory Partners LLC now owns 60,750 shares of the company’s stock valued at $11,106,000 after acquiring an additional 3,611 shares during the period. Etesian Wealth Advisors Inc. increased its position in shares of iShares MSCI USA Quality Factor ETF by 9.9% in the second quarter. Etesian Wealth Advisors Inc. now owns 4,648 shares of the company’s stock valued at $850,000 after acquiring an additional 417 shares during the period. Finally, SlateStone Wealth LLC increased its position in shares of iShares MSCI USA Quality Factor ETF by 12.4% in the first quarter. SlateStone Wealth LLC now owns 157,313 shares of the company’s stock valued at $26,883,000 after acquiring an additional 17,337 shares during the period.

iShares MSCI USA Quality Factor ETF Trading Up 9.6%

QUAL stock opened at $193.56 on Monday. The firm’s 50-day moving average price is $191.15 and its two-hundred day moving average price is $181.19. iShares MSCI USA Quality Factor ETF has a 12-month low of $148.34 and a 12-month high of $187.26. The stock has a market capitalization of $56.12 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05.

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.