Modera Wealth Management LLC Sells 271 Shares of iShares MSCI USA Quality Factor ETF $QUAL

Modera Wealth Management LLC lessened its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 4.6% in the 2nd quarter, Holdings Channel reports. The firm owned 5,647 shares of the company’s stock after selling 271 shares during the period. Modera Wealth Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $1,032,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Galvin Gaustad & Stein LLC lifted its holdings in shares of iShares MSCI USA Quality Factor ETF by 2.6% during the 2nd quarter. Galvin Gaustad & Stein LLC now owns 2,095 shares of the company’s stock valued at $383,000 after purchasing an additional 54 shares in the last quarter. Global Financial Private Client LLC lifted its stake in iShares MSCI USA Quality Factor ETF by 0.6% in the second quarter. Global Financial Private Client LLC now owns 10,696 shares of the company’s stock valued at $1,955,000 after buying an additional 60 shares in the last quarter. L. Roy Papp & Associates LLP boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 2.5% in the second quarter. L. Roy Papp & Associates LLP now owns 2,461 shares of the company’s stock valued at $450,000 after buying an additional 60 shares during the period. Acorn Wealth Advisors LLC boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 0.4% in the first quarter. Acorn Wealth Advisors LLC now owns 14,431 shares of the company’s stock valued at $2,466,000 after buying an additional 62 shares during the period. Finally, Benningfield Financial Advisors LLC increased its position in shares of iShares MSCI USA Quality Factor ETF by 0.8% during the second quarter. Benningfield Financial Advisors LLC now owns 7,820 shares of the company’s stock worth $1,430,000 after acquiring an additional 65 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Trading Up 9.4%

QUAL opened at $193.17 on Friday. The stock has a market capitalization of $56.01 billion, a P/E ratio of 25.59 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 firm’s fifty day simple moving average is $193.54 and its 200 day simple moving average is $185.11.

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.