IFP Advisors Inc Cuts Stock Position in iShares MSCI USA Quality Factor ETF $QUAL

IFP Advisors Inc trimmed its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 20.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 103,353 shares of the company’s stock after selling 27,060 shares during the period. IFP Advisors Inc’s holdings in iShares MSCI USA Quality Factor ETF were worth $20,102,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in QUAL. Hantz Financial Services Inc. purchased a new stake in shares of iShares MSCI USA Quality Factor ETF during the third quarter worth about $25,000. Financial Life Planners acquired a new position in shares of iShares MSCI USA Quality Factor ETF in the 3rd quarter valued at $28,000. CoreFirst Bank & Trust acquired a new stake in iShares MSCI USA Quality Factor ETF during the 2nd quarter worth about $33,000. First Horizon Corp acquired a new position in shares of iShares MSCI USA Quality Factor ETF in the third quarter valued at about $36,000. Finally, Phillips Financial Management LLC acquired a new stake in shares of iShares MSCI USA Quality Factor ETF during the third quarter worth about $39,000.

iShares MSCI USA Quality Factor ETF Trading Down 1.4%

Shares of BATS:QUAL opened at $194.08 on Thursday. iShares MSCI USA Quality Factor ETF has a twelve month low of $148.34 and a twelve month high of $205.65. The company has a market cap of $56.27 billion, a PE ratio of 25.59 and a beta of 1.05. The company’s 50 day moving average is $202.07 and its 200 day moving average is $197.80.

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.