Founders Financial Securities LLC Sells 23,830 Shares of iShares MSCI USA Quality Factor ETF $QUAL

Founders Financial Securities LLC lowered its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 58.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,848 shares of the company’s stock after selling 23,830 shares during the quarter. Founders Financial Securities LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $3,277,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of QUAL. Walkner Condon Financial Advisors LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF in the second quarter worth $213,000. Coordinated Financial Services Inc. purchased a new position in shares of iShares MSCI USA Quality Factor ETF in the 2nd quarter worth about $980,000. Wealthcare Advisory Partners LLC boosted its stake in iShares MSCI USA Quality Factor ETF by 6.3% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 60,750 shares of the company’s stock worth $11,106,000 after purchasing an additional 3,611 shares in the last quarter. Etesian Wealth Advisors Inc. grew its position in iShares MSCI USA Quality Factor ETF by 9.9% during the 2nd quarter. Etesian Wealth Advisors Inc. now owns 4,648 shares of the company’s stock valued at $850,000 after purchasing an additional 417 shares during the last quarter. Finally, Sage Advisory Services Ltd.Co. increased its stake in iShares MSCI USA Quality Factor ETF by 1.7% during the 2nd quarter. Sage Advisory Services Ltd.Co. now owns 38,317 shares of the company’s stock valued at $7,005,000 after purchasing an additional 638 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of iShares MSCI USA Quality Factor ETF stock opened at $200.16 on Wednesday. The company has a 50-day simple moving average of $196.40 and a two-hundred day simple moving average of $190.28. The stock has a market capitalization of $58.04 billion, a PE ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 52-week low of $148.34 and a 52-week high of $187.26.

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