Foundry Financial Group Inc. Trims Stock Holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Foundry Financial Group Inc. reduced its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 2.9% during the second quarter, HoldingsChannel reports. The firm owned 37,299 shares of the company’s stock after selling 1,105 shares during the period. iShares MSCI USA Quality Factor ETF comprises approximately 4.4% of Foundry Financial Group Inc.’s portfolio, making the stock its 9th largest holding. Foundry Financial Group Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $6,369,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Wade Financial Advisory Inc lifted its position in shares of iShares MSCI USA Quality Factor ETF by 5.4% during the 4th quarter. Wade Financial Advisory Inc now owns 102,026 shares of the company’s stock valued at $15,012,000 after acquiring an additional 5,258 shares during the period. American Trust acquired a new position in iShares MSCI USA Quality Factor ETF during the fourth quarter worth $21,979,000. Relative Value Partners Group LLC raised its holdings in iShares MSCI USA Quality Factor ETF by 24.9% during the fourth quarter. Relative Value Partners Group LLC now owns 22,776 shares of the company’s stock worth $3,351,000 after buying an additional 4,547 shares during the last quarter. Cetera Advisor Networks LLC raised its holdings in iShares MSCI USA Quality Factor ETF by 8.3% during the fourth quarter. Cetera Advisor Networks LLC now owns 476,934 shares of the company’s stock worth $70,176,000 after buying an additional 36,469 shares during the last quarter. Finally, Scarborough Advisors LLC raised its holdings in iShares MSCI USA Quality Factor ETF by 1,460.0% during the fourth quarter. Scarborough Advisors LLC now owns 973,510 shares of the company’s stock worth $143,242,000 after buying an additional 911,104 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Trading Up 0.4 %

QUAL opened at $176.82 on Monday. The company’s fifty day moving average price is $172.57 and its two-hundred day moving average price is $167.31. iShares MSCI USA Quality Factor ETF has a 1-year low of $71.96 and a 1-year high of $88.63. The company has a market cap of $46.66 billion, a price-to-earnings ratio of 23.03 and a beta of 1.03.

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.