Element Pointe Advisors LLC Trims Stock Position in iShares MSCI USA Quality Factor ETF $QUAL

Element Pointe Advisors LLC decreased its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 7.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 78,410 shares of the company’s stock after selling 6,163 shares during the period. iShares MSCI USA Quality Factor ETF makes up approximately 2.8% of Element Pointe Advisors LLC’s holdings, making the stock its 9th largest holding. Element Pointe Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $15,040,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in QUAL. MML Investors Services LLC increased its position in shares of iShares MSCI USA Quality Factor ETF by 1.3% during the 2nd quarter. MML Investors Services LLC now owns 3,454,291 shares of the company’s stock valued at $631,514,000 after purchasing an additional 44,285 shares during the last quarter. Facet Wealth Inc. raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 9.9% during the 4th quarter. Facet Wealth Inc. now owns 2,888,100 shares of the company’s stock valued at $589,952,000 after buying an additional 259,414 shares in the last quarter. Focus Partners Wealth lifted its position in iShares MSCI USA Quality Factor ETF by 11.2% in the 4th quarter. Focus Partners Wealth now owns 2,386,956 shares of the company’s stock worth $474,097,000 after buying an additional 240,881 shares during the last quarter. Raymond James Financial Inc. lifted its position in iShares MSCI USA Quality Factor ETF by 3.1% in the 3rd quarter. Raymond James Financial Inc. now owns 2,040,575 shares of the company’s stock worth $396,892,000 after buying an additional 62,154 shares during the last quarter. Finally, Two Sigma Investments LP boosted its stake in iShares MSCI USA Quality Factor ETF by 99.7% in the third quarter. Two Sigma Investments LP now owns 1,931,800 shares of the company’s stock worth $375,735,000 after buying an additional 964,500 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of QUAL opened at $216.94 on Tuesday. iShares MSCI USA Quality Factor ETF has a 1 year low of $181.65 and a 1 year high of $221.16. The stock has a 50 day simple moving average of $215.62 and a two-hundred day simple moving average of $206.35. The firm has a market cap of $62.90 billion, a P/E ratio of 25.59 and a beta of 1.05.

iShares MSCI USA Quality Factor ETF Company 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.