iShares MSCI USA Quality Factor ETF (BATS:QUAL) Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc decreased its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 0.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 14,749 shares of the company’s stock after selling 63 shares during the quarter. Marks Group Wealth Management Inc’s holdings in iShares MSCI USA Quality Factor ETF were worth $2,644,000 at the end of the most recent reporting period.

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

iShares MSCI USA Quality Factor ETF Stock Up 1.0 %

QUAL stock opened at $178.69 on Wednesday. The stock has a market capitalization of $47.16 billion, a price-to-earnings 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 stock’s fifty day simple moving average is $178.19 and its 200-day simple moving average is $171.86.

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.