Envestnet Asset Management Inc. Trims Stock Holdings in iShares MSCI USA Quality Factor ETF $QUAL

Envestnet Asset Management Inc. reduced its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 57.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,560,676 shares of the company’s stock after selling 10,213,485 shares during the quarter. Envestnet Asset Management Inc. owned about 2.61% of iShares MSCI USA Quality Factor ETF worth $1,658,976,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Security National Bank of Sioux City Iowa IA acquired a new position in shares of iShares MSCI USA Quality Factor ETF in the second quarter valued at approximately $49,000. Cahill Financial Advisors Inc. lifted its holdings in shares of iShares MSCI USA Quality Factor ETF by 1.8% during the second quarter. Cahill Financial Advisors Inc. now owns 117,276 shares of the company’s stock worth $25,734,000 after purchasing an additional 2,100 shares during the period. Capital Advantage Inc. lifted its holdings in shares of iShares MSCI USA Quality Factor ETF by 2.9% during the second quarter. Capital Advantage Inc. now owns 39,205 shares of the company’s stock worth $8,603,000 after purchasing an additional 1,088 shares during the period. Pinnacle Wealth Management Advisory Group LLC lifted its holdings in shares of iShares MSCI USA Quality Factor ETF by 2.0% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 288,906 shares of the company’s stock worth $63,395,000 after purchasing an additional 5,773 shares during the period. Finally, GFG Capital LLC grew its position in iShares MSCI USA Quality Factor ETF by 8.1% in the 2nd quarter. GFG Capital LLC now owns 1,567 shares of the company’s stock valued at $344,000 after buying an additional 118 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

QUAL traded down $0.93 during trading on Wednesday, hitting $222.14. The stock had a trading volume of 925,927 shares, compared to its average volume of 1,617,746. The firm has a market capitalization of $64.41 billion, a P/E ratio of 25.59 and a beta of 1.05. The company’s 50-day moving average price is $221.53 and its 200 day moving average price is $212.52. iShares MSCI USA Quality Factor ETF has a twelve month low of $185.88 and a twelve month 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.