Sovran Advisors LLC Cuts Stock Holdings in iShares MSCI USA Quality Factor ETF $QUAL

Sovran Advisors LLC reduced its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 21.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,830 shares of the company’s stock after selling 16,230 shares during the period. iShares MSCI USA Quality Factor ETF comprises about 0.9% of Sovran Advisors LLC’s portfolio, making the stock its 24th biggest holding. Sovran Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $12,490,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Advocate Investing Services LLC purchased a new position in iShares MSCI USA Quality Factor ETF in the fourth quarter valued at $25,000. Resources Management Corp CT ADV acquired a new position in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter worth about $27,000. Financial Life Planners acquired a new position in shares of iShares MSCI USA Quality Factor ETF in the first quarter worth about $28,000. Ares Financial Consulting LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF during the 4th quarter worth about $30,000. Finally, Cornerstone Financial Management LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF during the 4th quarter worth about $30,000.

iShares MSCI USA Quality Factor ETF Stock Up 0.8%

BATS:QUAL opened at $227.18 on Friday. iShares MSCI USA Quality Factor ETF has a 52 week low of $185.88 and a 52 week high of $227.32. The stock’s 50-day moving average price is $218.38 and its 200-day moving average price is $208.80. The stock has a market capitalization of $65.87 billion, a PE 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.