Foundations Investment Advisors LLC Sells 291,725 Shares of iShares MSCI USA Quality Factor ETF $QUAL

Foundations Investment Advisors LLC trimmed its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 35.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 536,023 shares of the company’s stock after selling 291,725 shares during the quarter. iShares MSCI USA Quality Factor ETF comprises about 1.4% of Foundations Investment Advisors LLC’s holdings, making the stock its 13th biggest holding. Foundations Investment Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $106,465,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Hantz Financial Services Inc. bought a new position in shares of iShares MSCI USA Quality Factor ETF in the third quarter valued at about $25,000. Financial Life Planners bought a new position in shares of iShares MSCI USA Quality Factor ETF in the third quarter valued at about $28,000. Ares Financial Consulting LLC bought a new position in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter valued at about $30,000. Decker Retirement Planning Inc. bought a new position in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter valued at about $32,000. Finally, Ransom Advisory Ltd bought a new position in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter valued at about $39,000.

iShares MSCI USA Quality Factor ETF Stock Down 0.3%

iShares MSCI USA Quality Factor ETF stock opened at $215.24 on Thursday. The stock has a 50-day simple moving average of $203.11 and a 200 day simple moving average of $201.17. iShares MSCI USA Quality Factor ETF has a 12-month low of $175.20 and a 12-month high of $216.22. The stock has a market capitalization of $62.41 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05.

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. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.