NewEdge Wealth LLC Lowers Stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

NewEdge Wealth LLC lessened its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,671 shares of the company’s stock after selling 2,900 shares during the quarter. NewEdge Wealth LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $9,914,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Rosenberg Matthew Hamilton boosted its position in iShares MSCI USA Quality Factor ETF by 5.0% during the fourth quarter. Rosenberg Matthew Hamilton now owns 1,241 shares of the company’s stock valued at $221,000 after purchasing an additional 59 shares in the last quarter. Bristlecone Advisors LLC lifted its position in shares of iShares MSCI USA Quality Factor ETF by 0.3% during the fourth quarter. Bristlecone Advisors LLC now owns 17,214 shares of the company’s stock valued at $3,065,000 after buying an additional 59 shares during the last quarter. Sheridan Capital Management LLC boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 0.6% in the 4th quarter. Sheridan Capital Management LLC now owns 11,532 shares of the company’s stock valued at $2,054,000 after buying an additional 66 shares in the last quarter. Citizens Financial Group Inc. RI grew its position in shares of iShares MSCI USA Quality Factor ETF by 3.2% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 2,178 shares of the company’s stock worth $390,000 after buying an additional 67 shares during the last quarter. Finally, L & S Advisors Inc raised its stake in shares of iShares MSCI USA Quality Factor ETF by 1.2% during the 3rd quarter. L & S Advisors Inc now owns 5,911 shares of the company’s stock worth $1,060,000 after acquiring an additional 68 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Stock Up 2.7 %

BATS:QUAL opened at $181.44 on Thursday. The stock has a market capitalization of $50.38 billion, a price-to-earnings ratio of 28.36 and a beta of 1.04. iShares MSCI USA Quality Factor ETF has a 52 week low of $71.96 and a 52 week high of $88.63. The firm has a 50 day moving average of $181.70 and a 200 day moving average of $180.35.

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.