Northwestern Mutual Wealth Management Co. Sells 287,735 Shares of iShares MSCI USA Quality Factor ETF $QUAL

Northwestern Mutual Wealth Management Co. lessened its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 15.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,613,234 shares of the company’s stock after selling 287,735 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.56% of iShares MSCI USA Quality Factor ETF worth $353,992,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in QUAL. Bank of America Corp DE lifted its holdings in shares of iShares MSCI USA Quality Factor ETF by 36.9% in the first quarter. Bank of America Corp DE now owns 8,741,641 shares of the company’s stock valued at $1,676,734,000 after purchasing an additional 2,357,971 shares in the last quarter. Two Sigma Investments LP grew its holdings in iShares MSCI USA Quality Factor ETF by 99.7% during 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. Goldman Sachs Group Inc. grew its holdings in iShares MSCI USA Quality Factor ETF by 403.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,107,669 shares of the company’s stock worth $220,005,000 after buying an additional 887,478 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in iShares MSCI USA Quality Factor ETF in the 4th quarter valued at $81,990,000. Finally, Orion Porfolio Solutions LLC raised its position in iShares MSCI USA Quality Factor ETF by 298.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 542,767 shares of the company’s stock valued at $99,229,000 after buying an additional 406,488 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Trading Down 0.4%

Shares of BATS:QUAL opened at $222.62 on Tuesday. The stock’s fifty day simple moving average is $220.42 and its two-hundred day simple moving average is $210.56. iShares MSCI USA Quality Factor ETF has a 1-year low of $185.88 and a 1-year high of $227.32. The stock has a market cap of $64.55 billion, a PE 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. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.