iShares MSCI USA Quality Factor ETF $QUAL Shares Sold by Alterna Wealth Management Inc.

Alterna Wealth Management Inc. lowered its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 41.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,378 shares of the company’s stock after selling 10,294 shares during the period. iShares MSCI USA Quality Factor ETF makes up about 2.4% of Alterna Wealth Management Inc.’s investment portfolio, making the stock its 13th biggest position. Alterna Wealth Management Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $2,856,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Hantz Financial Services Inc. purchased a new stake in iShares MSCI USA Quality Factor ETF in the 3rd quarter valued at approximately $25,000. Financial Life Planners purchased a new stake in iShares MSCI USA Quality Factor ETF in the 3rd quarter valued at approximately $28,000. First Horizon Corp purchased a new stake in iShares MSCI USA Quality Factor ETF in the 3rd quarter valued at approximately $36,000. Phillips Financial Management LLC purchased a new stake in iShares MSCI USA Quality Factor ETF in the 3rd quarter valued at approximately $39,000. Finally, Ransom Advisory Ltd purchased a new stake in iShares MSCI USA Quality Factor ETF in the 4th quarter valued at approximately $39,000.

iShares MSCI USA Quality Factor ETF Stock Performance

QUAL stock opened at $199.47 on Monday. iShares MSCI USA Quality Factor ETF has a 1 year low of $156.13 and a 1 year high of $205.65. The firm has a market cap of $57.84 billion, a P/E ratio of 25.59 and a beta of 1.05. The stock’s 50 day moving average price is $198.77 and its 200 day moving average price is $198.17.

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.