Parallel Advisors LLC Sells 5,701 Shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Parallel Advisors LLC trimmed its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 2.7% during the fourth quarter, Holdings Channel reports. The firm owned 202,560 shares of the company’s stock after selling 5,701 shares during the quarter. iShares MSCI USA Quality Factor ETF makes up approximately 0.8% of Parallel Advisors LLC’s portfolio, making the stock its 21st largest holding. Parallel Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $36,072,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Financial Life Planners acquired a new stake in iShares MSCI USA Quality Factor ETF during the 4th quarter valued at $25,000. BankPlus Trust Department acquired a new stake in shares of iShares MSCI USA Quality Factor ETF during the 4th quarter worth about $27,000. Rialto Wealth Management LLC bought a new stake in shares of iShares MSCI USA Quality Factor ETF during the 4th quarter worth about $32,000. MGB Wealth Management LLC acquired a new position in iShares MSCI USA Quality Factor ETF in the 3rd quarter valued at about $39,000. Finally, Empowered Funds LLC bought a new position in iShares MSCI USA Quality Factor ETF in the 4th quarter valued at about $40,000.

iShares MSCI USA Quality Factor ETF Stock Down 2.8 %

Shares of BATS:QUAL opened at $171.70 on Monday. iShares MSCI USA Quality Factor ETF has a 12-month low of $154.17 and a 12-month high of $187.26. The business has a 50 day moving average of $180.67 and a 200-day moving average of $180.43. The stock has a market cap of $48.74 billion, a PE ratio of 26.45 and a beta of 1.04.

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.