Formidable Asset Management LLC Sells 5,837 Shares of iShares MSCI USA Quality Factor ETF $QUAL

Formidable Asset Management LLC lowered its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 14.0% in the 1st quarter, Holdings Channel.com reports. The fund owned 35,843 shares of the company’s stock after selling 5,837 shares during the quarter. iShares MSCI USA Quality Factor ETF comprises approximately 1.1% of Formidable Asset Management LLC’s investment portfolio, making the stock its 16th largest position. Formidable Asset Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $7,119,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in QUAL. Coldstream Capital Management Inc. raised its position in iShares MSCI USA Quality Factor ETF by 132.4% in the 3rd quarter. Coldstream Capital Management Inc. now owns 1,044,546 shares of the company’s stock worth $203,164,000 after buying an additional 595,017 shares during the last quarter. Cassilly Financial Group LLC bought a new position in iShares MSCI USA Quality Factor ETF during the 4th quarter valued at about $1,348,000. Aspen Wealth Management LLC lifted its stake in iShares MSCI USA Quality Factor ETF by 2.6% during the 4th quarter. Aspen Wealth Management LLC now owns 228,882 shares of the company’s stock valued at $45,461,000 after acquiring an additional 5,878 shares during the period. Keel Point LLC boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 37.0% during the 3rd quarter. Keel Point LLC now owns 13,818 shares of the company’s stock valued at $2,688,000 after acquiring an additional 3,732 shares during the last quarter. Finally, Liberty Wealth Management LLC boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 2.0% during the 4th quarter. Liberty Wealth Management LLC now owns 159,312 shares of the company’s stock valued at $31,622,000 after acquiring an additional 3,188 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of QUAL stock opened at $213.66 on Monday. The company has a 50 day moving average price of $212.03 and a 200-day moving average price of $204.21. iShares MSCI USA Quality Factor ETF has a 52 week low of $180.66 and a 52 week high of $219.82. The firm has a market capitalization of $61.95 billion, a PE ratio of 25.59 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. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.