MONECO Advisors LLC Decreases Position in iShares MSCI USA Quality Factor ETF $QUAL

MONECO Advisors LLC reduced its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 36.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,648 shares of the company’s stock after selling 6,823 shares during the period. MONECO Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $2,265,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Hantz Financial Services Inc. purchased a new position in iShares MSCI USA Quality Factor ETF in the 3rd quarter valued at $25,000. Keener Financial Planning LLC purchased a new position in shares of iShares MSCI USA Quality Factor ETF in the second quarter worth about $29,000. CoreFirst Bank & Trust purchased a new position in shares of iShares MSCI USA Quality Factor ETF in the second quarter worth about $33,000. First Horizon Corp acquired a new position in iShares MSCI USA Quality Factor ETF during the third quarter worth about $36,000. Finally, Phillips Financial Management LLC purchased a new stake in iShares MSCI USA Quality Factor ETF during the 3rd quarter valued at about $39,000.

iShares MSCI USA Quality Factor ETF Trading Up 12.8%

QUAL stock opened at $199.25 on Friday. The company has a market cap of $57.77 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. The firm has a 50-day moving average of $200.90 and a two-hundred day moving average of $194.73. iShares MSCI USA Quality Factor ETF has a 12 month low of $148.34 and a 12 month high of $187.26.

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. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.