Dorsey Wright & Associates Lowers Stock Position in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Dorsey Wright & Associates decreased its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 1.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 17,313 shares of the company’s stock after selling 273 shares during the period. Dorsey Wright & Associates’ holdings in iShares MSCI USA Quality Factor ETF were worth $3,083,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of QUAL. LPL Financial LLC increased its stake in shares of iShares MSCI USA Quality Factor ETF by 14.5% in the 4th quarter. LPL Financial LLC now owns 16,867,820 shares of the company’s stock valued at $3,003,821,000 after purchasing an additional 2,141,996 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter valued at approximately $331,412,000. JPMorgan Chase & Co. increased its position in shares of iShares MSCI USA Quality Factor ETF by 14.6% in the fourth quarter. JPMorgan Chase & Co. now owns 6,580,546 shares of the company’s stock valued at $1,171,864,000 after buying an additional 837,887 shares in the last quarter. Strategic Financial Concepts LLC raised its stake in shares of iShares MSCI USA Quality Factor ETF by 18,801.7% during the 4th quarter. Strategic Financial Concepts LLC now owns 522,633 shares of the company’s stock worth $93,070,000 after buying an additional 519,868 shares during the period. Finally, Heck Capital Advisors LLC acquired a new stake in iShares MSCI USA Quality Factor ETF in the 4th quarter valued at $81,990,000.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of BATS QUAL opened at $169.57 on Friday. The firm has a market cap of $48.13 billion, a PE ratio of 26.45 and a beta of 1.04. iShares MSCI USA Quality Factor ETF has a one year low of $154.17 and a one year high of $187.26. The firm has a fifty day moving average of $179.47 and a 200 day moving average of $180.27.

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.