Secure Asset Management LLC Sells 1,746 Shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Secure Asset Management LLC lessened its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 53.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,532 shares of the company’s stock after selling 1,746 shares during the period. Secure Asset Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $275,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased 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 worth $4,787,771,000 after acquiring an additional 999,735 shares in the last quarter. LPL Financial LLC raised its holdings 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 valued at $2,352,213,000 after acquiring an additional 727,760 shares during the period. Ameriprise Financial Inc. lifted its position in shares of iShares MSCI USA Quality Factor ETF by 21.9% in the second quarter. Ameriprise Financial Inc. now owns 4,808,994 shares of the company’s stock valued at $821,412,000 after acquiring an additional 863,219 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of iShares MSCI USA Quality Factor ETF by 5.9% in the second 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 in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of iShares MSCI USA Quality Factor ETF by 3.2% during the second 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 in the last quarter.

iShares MSCI USA Quality Factor ETF Trading Up 0.5 %

BATS QUAL opened at $182.44 on Friday. iShares MSCI USA Quality Factor ETF has a 12 month low of $71.96 and a 12 month high of $88.63. The stock has a market cap of $48.15 billion, a PE ratio of 23.03 and a beta of 1.03. The stock’s 50 day moving average is $177.09 and its 200 day moving average is $170.09.

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.