CGN Advisors LLC Has $6.60 Million Stock Position in iShares MSCI USA Quality Factor ETF $QUAL

CGN Advisors LLC cut its holdings in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 54.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,058 shares of the company’s stock after selling 36,551 shares during the period. CGN Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $6,596,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of QUAL. Advocate Investing Services LLC bought a new position in shares of iShares MSCI USA Quality Factor ETF in the 4th quarter valued at $25,000. Resources Management Corp CT ADV bought a new stake in shares of iShares MSCI USA Quality Factor ETF during the 4th quarter worth $27,000. Financial Life Planners bought a new stake in shares of iShares MSCI USA Quality Factor ETF during the 1st quarter worth $28,000. Ares Financial Consulting LLC acquired a new stake in iShares MSCI USA Quality Factor ETF in the fourth quarter valued at about $30,000. Finally, Cornerstone Financial Management LLC acquired a new stake in iShares MSCI USA Quality Factor ETF in the fourth quarter valued at about $30,000.

iShares MSCI USA Quality Factor ETF Stock Up 1.4%

iShares MSCI USA Quality Factor ETF stock opened at $224.83 on Wednesday. The stock has a market cap of $65.19 billion, a PE ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 12-month low of $183.28 and a 12-month high of $225.35. The business’s 50-day moving average price is $217.03 and its two-hundred day moving average price is $207.66.

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