Drive Wealth Management LLC decreased its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL – Free Report) by 54.4% during the fourth quarter, HoldingsChannel reports. The firm owned 3,148 shares of the company’s stock after selling 3,751 shares during the period. Drive Wealth Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $625,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Hantz Financial Services Inc. purchased a new stake in iShares MSCI USA Quality Factor ETF during the third quarter valued at about $25,000. Financial Life Planners purchased a new stake in iShares MSCI USA Quality Factor ETF during the third quarter valued at about $28,000. Ares Financial Consulting LLC purchased a new stake in iShares MSCI USA Quality Factor ETF during the fourth quarter valued at about $30,000. Decker Retirement Planning Inc. purchased a new stake in iShares MSCI USA Quality Factor ETF during the fourth quarter valued at about $32,000. Finally, First Horizon Corp purchased a new stake in iShares MSCI USA Quality Factor ETF during the third quarter valued at about $36,000.
iShares MSCI USA Quality Factor ETF Stock Up 0.1%
BATS QUAL opened at $210.57 on Tuesday. The stock’s 50-day simple moving average is $200.21 and its two-hundred day simple moving average is $199.81. iShares MSCI USA Quality Factor ETF has a twelve month low of $173.00 and a twelve month high of $211.23. The company has a market capitalization of $61.05 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05.
iShares MSCI USA Quality Factor ETF 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. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.
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Want to see what other hedge funds are holding QUAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI USA Quality Factor ETF (BATS:QUAL – Free Report).
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