Concorde Asset Management LLC Has $3.29 Million Stock Position in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Concorde Asset Management LLC reduced its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,460 shares of the company’s stock after selling 162 shares during the period. iShares MSCI USA Quality Factor ETF comprises about 1.7% of Concorde Asset Management LLC’s holdings, making the stock its 15th largest holding. Concorde Asset Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $3,287,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Florida Financial Advisors LLC boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 2.9% during the fourth quarter. Florida Financial Advisors LLC now owns 2,315 shares of the company’s stock worth $412,000 after purchasing an additional 66 shares during the period. Wells Financial Advisors INC increased its stake in iShares MSCI USA Quality Factor ETF by 7.5% in the 4th quarter. Wells Financial Advisors INC now owns 18,154 shares of the company’s stock valued at $3,233,000 after buying an additional 1,260 shares during the period. Ellis Investment Partners LLC lifted its position in iShares MSCI USA Quality Factor ETF by 13.1% in the 4th quarter. Ellis Investment Partners LLC now owns 12,785 shares of the company’s stock worth $2,277,000 after buying an additional 1,481 shares in the last quarter. PFG Advisors boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 3.2% during the 4th quarter. PFG Advisors now owns 102,691 shares of the company’s stock valued at $18,287,000 after buying an additional 3,189 shares during the period. Finally, Foundry Financial Group Inc. grew its holdings in shares of iShares MSCI USA Quality Factor ETF by 0.6% during the 4th quarter. Foundry Financial Group Inc. now owns 37,695 shares of the company’s stock valued at $6,713,000 after acquiring an additional 239 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Trading Down 9.0 %

BATS QUAL opened at $160.74 on Friday. iShares MSCI USA Quality Factor ETF has a 1-year low of $148.34 and a 1-year high of $187.26. The firm’s fifty day simple moving average is $174.91 and its 200-day simple moving average is $179.11. The company has a market capitalization of $45.55 billion, a PE ratio of 26.25 and a beta of 1.05.

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.