Balentine LLC Has $13.37 Million Holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Balentine LLC decreased its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 89.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,064 shares of the company’s stock after selling 660,798 shares during the period. iShares MSCI USA Quality Factor ETF makes up 0.5% of Balentine LLC’s holdings, making the stock its 16th biggest holding. Balentine LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $13,367,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. New Republic Capital LLC lifted its stake in shares of iShares MSCI USA Quality Factor ETF by 4.2% in the 4th quarter. New Republic Capital LLC now owns 9,082 shares of the company’s stock valued at $1,617,000 after purchasing an additional 369 shares during the period. Latitude Advisors LLC lifted its stake in iShares MSCI USA Quality Factor ETF by 11.1% in the fourth quarter. Latitude Advisors LLC now owns 7,474 shares of the company’s stock valued at $1,331,000 after buying an additional 749 shares during the period. Sovran Advisors LLC bought a new position in shares of iShares MSCI USA Quality Factor ETF during the 4th quarter worth approximately $10,362,000. Stonebridge Financial Group LLC acquired a new stake in shares of iShares MSCI USA Quality Factor ETF during the 4th quarter worth approximately $74,000. Finally, Mill Creek Capital Advisors LLC increased its stake in shares of iShares MSCI USA Quality Factor ETF by 5.4% in the 4th quarter. Mill Creek Capital Advisors LLC now owns 9,654 shares of the company’s stock valued at $1,719,000 after acquiring an additional 495 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Trading Up 4.2 %

BATS:QUAL opened at $184.14 on Tuesday. The stock has a market capitalization of $48.59 billion, a price-to-earnings ratio of 23.03 and a beta of 1.03. The firm has a fifty day simple moving average of $181.94 and a two-hundred day simple moving average of $178.91. iShares MSCI USA Quality Factor ETF has a 12 month low of $71.96 and a 12 month high of $88.63.

iShares MSCI USA Quality Factor ETF Company 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.