Foundations Investment Advisors LLC Reduces Stock Position in iShares MSCI USA Quality Factor ETF $QUAL

Foundations Investment Advisors LLC lowered its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 3.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 827,748 shares of the company’s stock after selling 25,869 shares during the period. iShares MSCI USA Quality Factor ETF comprises approximately 2.3% of Foundations Investment Advisors LLC’s holdings, making the stock its 3rd largest holding. Foundations Investment Advisors LLC owned about 0.29% of iShares MSCI USA Quality Factor ETF worth $160,997,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Keener Financial Planning LLC bought a new stake in shares of iShares MSCI USA Quality Factor ETF in the 2nd quarter valued at about $29,000. CoreFirst Bank & Trust bought a new position in shares of iShares MSCI USA Quality Factor ETF during the second quarter valued at approximately $33,000. First Horizon Corp purchased a new position in iShares MSCI USA Quality Factor ETF during the third quarter valued at approximately $36,000. Phillips Financial Management LLC bought a new position in iShares MSCI USA Quality Factor ETF in the third quarter worth approximately $39,000. Finally, Legacy Investment Solutions LLC bought a new position in iShares MSCI USA Quality Factor ETF in the second quarter worth approximately $40,000.

iShares MSCI USA Quality Factor ETF Stock Up 15.7%

iShares MSCI USA Quality Factor ETF stock opened at $204.39 on Thursday. The firm has a market cap of $59.26 billion, a P/E ratio of 25.59 and a beta of 1.05. The business has a fifty day moving average of $199.95 and a two-hundred day moving average of $194.03. iShares MSCI USA Quality Factor ETF has a twelve month low of $148.34 and a twelve month high of $187.26.

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.