Hobbs Group Advisors LLC Trims Stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Hobbs Group Advisors LLC lessened its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 64.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,546 shares of the company’s stock after selling 29,813 shares during the period. iShares MSCI USA Quality Factor ETF comprises approximately 1.1% of Hobbs Group Advisors LLC’s investment portfolio, making the stock its 19th largest holding. Hobbs Group Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $2,947,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in QUAL. Wells Financial Advisors INC raised its holdings in iShares MSCI USA Quality Factor ETF by 7.5% in the 4th quarter. Wells Financial Advisors INC now owns 18,154 shares of the company’s stock worth $3,233,000 after purchasing an additional 1,260 shares during the period. Ellis Investment Partners LLC lifted its position in shares of iShares MSCI USA Quality Factor ETF by 13.1% during the 4th quarter. Ellis Investment Partners LLC now owns 12,785 shares of the company’s stock valued at $2,277,000 after buying an additional 1,481 shares in the last quarter. PFG Advisors grew its stake in iShares MSCI USA Quality Factor ETF by 3.2% in the 4th quarter. PFG Advisors now owns 102,691 shares of the company’s stock valued at $18,287,000 after acquiring an additional 3,189 shares during the period. Florida Financial Advisors LLC increased its holdings in iShares MSCI USA Quality Factor ETF by 2.9% in the 4th quarter. Florida Financial Advisors LLC now owns 2,315 shares of the company’s stock worth $412,000 after acquiring an additional 66 shares in the last quarter. Finally, Foundry Financial Group Inc. lifted its holdings in iShares MSCI USA Quality Factor ETF by 0.6% during the fourth quarter. Foundry Financial Group Inc. now owns 37,695 shares of the company’s stock valued at $6,713,000 after purchasing an additional 239 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Trading Down 4.0 %

Shares of iShares MSCI USA Quality Factor ETF stock opened at $169.57 on Friday. iShares MSCI USA Quality Factor ETF has a twelve month low of $154.17 and a twelve month high of $187.26. The firm’s 50-day moving average price is $179.47 and its 200 day moving average price is $180.22. The firm has a market capitalization of $48.13 billion, a PE ratio of 26.45 and a beta of 1.04.

About iShares MSCI USA Quality Factor ETF

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.