iShares MSCI USA Quality Factor ETF $QUAL Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lessened its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 87.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 124,359 shares of the company’s stock after selling 890,580 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $27,288,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new position in iShares MSCI USA Quality Factor ETF during the first quarter worth $28,000. Cornerstone Financial Management LLC acquired a new stake in iShares MSCI USA Quality Factor ETF in the fourth quarter valued at $30,000. Godsey & Gibb Inc. boosted its position in shares of iShares MSCI USA Quality Factor ETF by 69.8% during the 1st quarter. Godsey & Gibb Inc. now owns 163 shares of the company’s stock worth $31,000 after purchasing an additional 67 shares in the last quarter. Indiana Trust & Investment Management Co boosted its position in shares of iShares MSCI USA Quality Factor ETF by 1,500.0% during the 1st quarter. Indiana Trust & Investment Management Co now owns 176 shares of the company’s stock worth $34,000 after purchasing an additional 165 shares in the last quarter. Finally, Hurley Capital LLC acquired a new position in shares of iShares MSCI USA Quality Factor ETF during the 4th quarter worth $35,000.

iShares MSCI USA Quality Factor ETF Trading Down 0.4%

Shares of BATS:QUAL traded down $0.93 on Wednesday, reaching $222.14. 925,927 shares of the company were exchanged, compared to its average volume of 1,617,746. The company has a 50-day moving average of $221.53 and a 200-day moving average of $212.52. The firm has a market cap of $64.41 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 1-year low of $185.88 and a 1-year high of $227.32.

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.