Avalon Capital Management Trims Position in iShares MSCI USA Quality Factor ETF $QUAL

Avalon Capital Management trimmed its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 49.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,760 shares of the company’s stock after selling 14,602 shares during the period. Avalon Capital Management’s holdings in iShares MSCI USA Quality Factor ETF were worth $2,871,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Keener Financial Planning LLC acquired a new position in shares of iShares MSCI USA Quality Factor ETF in the 2nd quarter valued at about $29,000. CoreFirst Bank & Trust acquired a new position in shares of iShares MSCI USA Quality Factor ETF during the second quarter worth $33,000. CX Institutional boosted its position in iShares MSCI USA Quality Factor ETF by 151.9% in the 2nd quarter. CX Institutional now owns 204 shares of the company’s stock valued at $37,000 after buying an additional 123 shares during the last quarter. Legacy Investment Solutions LLC acquired a new stake in iShares MSCI USA Quality Factor ETF during the 2nd quarter valued at approximately $40,000. Finally, Total Investment Management Inc. acquired a new stake in shares of iShares MSCI USA Quality Factor ETF during the second quarter worth approximately $42,000.

iShares MSCI USA Quality Factor ETF Stock Performance

QUAL opened at $202.94 on Wednesday. The company has a market capitalization of $58.84 billion, a P/E ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 1-year low of $148.34 and a 1-year high of $187.26. The company has a 50-day moving average of $197.33 and a 200-day moving average of $191.81.

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.