Nations Financial Group Inc. IA ADV Trims Position in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Nations Financial Group Inc. IA ADV decreased its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 1.5% during the third quarter, Holdings Channel reports. The institutional investor owned 4,944 shares of the company’s stock after selling 75 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in iShares MSCI USA Quality Factor ETF were worth $886,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of QUAL. Envestnet Asset Management Inc. boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 3.7% in the second quarter. Envestnet Asset Management Inc. now owns 28,038,014 shares of the company’s stock worth $4,787,771,000 after acquiring an additional 999,735 shares during the period. LPL Financial LLC grew its holdings in iShares MSCI USA Quality Factor ETF by 5.6% during the 2nd quarter. LPL Financial LLC now owns 13,774,967 shares of the company’s stock valued at $2,352,213,000 after buying an additional 727,760 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of iShares MSCI USA Quality Factor ETF by 21.9% during the second quarter. Ameriprise Financial Inc. now owns 4,808,994 shares of the company’s stock valued at $821,412,000 after buying an additional 863,219 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of iShares MSCI USA Quality Factor ETF by 5.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,106,475 shares of the company’s stock worth $530,462,000 after acquiring an additional 172,340 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of iShares MSCI USA Quality Factor ETF by 3.2% during the second quarter. Bank of New York Mellon Corp now owns 2,372,410 shares of the company’s stock worth $405,113,000 after acquiring an additional 73,653 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of BATS QUAL opened at $184.07 on Wednesday. The company has a market cap of $48.58 billion, a P/E ratio of 23.03 and a beta of 1.03. iShares MSCI USA Quality Factor ETF has a 52-week low of $71.96 and a 52-week high of $88.63. The firm’s fifty day moving average is $178.73 and its two-hundred day moving average is $172.61.

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.