Bank of Nova Scotia Has $9.90 Million Stock Holdings in iShares MSCI USA Quality Factor ETF $QUAL

Bank of Nova Scotia lowered its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 18.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,634 shares of the company’s stock after selling 12,061 shares during the period. Bank of Nova Scotia’s holdings in iShares MSCI USA Quality Factor ETF were worth $9,904,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. WealthBridge Capital Management LLC increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 3.7% during the 4th quarter. WealthBridge Capital Management LLC now owns 1,395 shares of the company’s stock valued at $277,000 after acquiring an additional 50 shares during the last quarter. Empire Life Investments Inc. boosted its position in iShares MSCI USA Quality Factor ETF by 0.8% during the fourth quarter. Empire Life Investments Inc. now owns 6,150 shares of the company’s stock worth $1,222,000 after purchasing an additional 50 shares during the period. Sunbelt Securities Inc. grew its holdings in iShares MSCI USA Quality Factor ETF by 1.4% during the fourth quarter. Sunbelt Securities Inc. now owns 3,641 shares of the company’s stock valued at $723,000 after purchasing an additional 52 shares during the last quarter. First Command Advisory Services Inc. grew its holdings in iShares MSCI USA Quality Factor ETF by 16.5% during the fourth quarter. First Command Advisory Services Inc. now owns 374 shares of the company’s stock valued at $74,000 after purchasing an additional 53 shares during the last quarter. Finally, Northwest Financial Advisors raised its position in shares of iShares MSCI USA Quality Factor ETF by 3.8% in the first quarter. Northwest Financial Advisors now owns 1,457 shares of the company’s stock valued at $279,000 after purchasing an additional 53 shares during the period.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of iShares MSCI USA Quality Factor ETF stock opened at $216.81 on Monday. The firm has a fifty day simple moving average of $216.10 and a 200-day simple moving average of $206.85. iShares MSCI USA Quality Factor ETF has a 1-year low of $181.65 and a 1-year high of $221.16. The stock has a market capitalization of $62.86 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05.

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.