Sovereign Financial Group Inc. Decreases Stock Position in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Sovereign Financial Group Inc. lessened its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,633 shares of the company’s stock after selling 451 shares during the period. Sovereign Financial Group Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $2,072,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. BOKF NA raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 63.8% during the second quarter. BOKF NA now owns 624 shares of the company’s stock valued at $107,000 after acquiring an additional 243 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of iShares MSCI USA Quality Factor ETF by 92.4% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 8,278 shares of the company’s stock worth $1,414,000 after purchasing an additional 3,975 shares in the last quarter. Citizens Financial Group Inc. RI grew its stake in shares of iShares MSCI USA Quality Factor ETF by 47.6% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 2,111 shares of the company’s stock worth $361,000 after buying an additional 681 shares during the last quarter. WealthPLAN Partners LLC increased its position in iShares MSCI USA Quality Factor ETF by 4.9% during the 2nd quarter. WealthPLAN Partners LLC now owns 15,051 shares of the company’s stock valued at $2,570,000 after buying an additional 703 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in iShares MSCI USA Quality Factor ETF during the second quarter valued at $1,161,000.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of BATS:QUAL opened at $176.64 on Wednesday. The business has a fifty day moving average price of $182.06 and a 200-day moving average price of $177.66. The company has a market capitalization of $46.62 billion, a PE 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.

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.