Financial Advocates Investment Management Trims Holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Financial Advocates Investment Management cut its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 93,461 shares of the company’s stock after selling 2,275 shares during the quarter. iShares MSCI USA Quality Factor ETF makes up 0.9% of Financial Advocates Investment Management’s investment portfolio, making the stock its 17th largest position. Financial Advocates Investment Management’s holdings in iShares MSCI USA Quality Factor ETF were worth $16,644,000 at the end of the most recent quarter.

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

iShares MSCI USA Quality Factor ETF Stock Up 4.2 %

Shares of BATS QUAL opened at $184.10 on Thursday. The firm has a fifty day moving average of $181.99 and a 200-day moving average of $178.65. The stock has a market capitalization of $48.58 billion, a PE 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.

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.