NewEdge Wealth LLC Reduces Holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

NewEdge Wealth LLC lowered its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 5.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 55,671 shares of the company’s stock after selling 2,900 shares during the quarter. NewEdge Wealth LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $9,914,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Financial Life Planners purchased a new stake in iShares MSCI USA Quality Factor ETF during the 4th quarter worth approximately $25,000. Voisard Asset Management Group Inc. acquired a new stake in shares of iShares MSCI USA Quality Factor ETF during the third quarter worth $27,000. OLD Second National Bank of Aurora purchased a new stake in shares of iShares MSCI USA Quality Factor ETF during the third quarter valued at $27,000. BankPlus Trust Department acquired a new position in shares of iShares MSCI USA Quality Factor ETF in the 4th quarter valued at $27,000. Finally, Centennial Bank AR purchased a new position in iShares MSCI USA Quality Factor ETF in the 3rd quarter worth $29,000.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of QUAL opened at $181.44 on Thursday. The stock has a 50-day moving average of $181.70 and a two-hundred day moving average of $180.35. The stock has a market cap of $50.38 billion, a P/E ratio of 28.36 and a beta of 1.04. iShares MSCI USA Quality Factor ETF has a one year low of $71.96 and a one year high of $88.63.

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.