Traynor Capital Management Inc. Reduces Stock Holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Traynor Capital Management Inc. lowered its holdings in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 11.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,145 shares of the company’s stock after selling 141 shares during the quarter. Traynor Capital Management Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $204,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in QUAL. FMR LLC lifted its position in iShares MSCI USA Quality Factor ETF by 7.9% during the third quarter. FMR LLC now owns 15,848,761 shares of the company’s stock valued at $2,841,683,000 after purchasing an additional 1,160,410 shares in the last quarter. LPL Financial LLC lifted its position in shares of iShares MSCI USA Quality Factor ETF by 6.9% during the 3rd quarter. LPL Financial LLC now owns 14,725,824 shares of the company’s stock valued at $2,640,340,000 after buying an additional 950,857 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of iShares MSCI USA Quality Factor ETF by 21.9% during the 2nd 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 in the last quarter. Sanctuary Advisors LLC purchased a new stake in iShares MSCI USA Quality Factor ETF in the 2nd quarter worth approximately $108,645,000. Finally, Orgel Wealth Management LLC raised its stake in iShares MSCI USA Quality Factor ETF by 71.6% during the 3rd quarter. Orgel Wealth Management LLC now owns 1,236,792 shares of the company’s stock worth $221,757,000 after acquiring an additional 515,998 shares during the period.

iShares MSCI USA Quality Factor ETF Price Performance

QUAL opened at $184.65 on Friday. The company has a 50 day simple moving average of $181.67 and a two-hundred day simple moving average of $177.98. The firm has a market cap of $48.73 billion, a P/E ratio of 23.03 and a beta of 1.03. iShares MSCI USA Quality Factor ETF has a 1-year low of $71.96 and a 1-year high of $88.63.

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.