Foundry Financial Group Inc. Reduces Stake in iShares MSCI USA Quality Factor ETF $QUAL

Foundry Financial Group Inc. lowered its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 39.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 10,491 shares of the company’s stock after selling 6,719 shares during the quarter. iShares MSCI USA Quality Factor ETF accounts for about 1.0% of Foundry Financial Group Inc.’s investment portfolio, making the stock its 23rd biggest holding. Foundry Financial Group Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $2,012,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of QUAL. Mayflower Financial Advisors LLC lifted its holdings in iShares MSCI USA Quality Factor ETF by 2.5% in the first quarter. Mayflower Financial Advisors LLC now owns 85,062 shares of the company’s stock valued at $16,316,000 after acquiring an additional 2,068 shares during the period. Intrua Financial LLC boosted its position in iShares MSCI USA Quality Factor ETF by 9.9% in the first quarter. Intrua Financial LLC now owns 1,672 shares of the company’s stock worth $321,000 after purchasing an additional 151 shares during the last quarter. Catalina Capital Group LLC grew its stake in shares of iShares MSCI USA Quality Factor ETF by 5.3% during the 1st quarter. Catalina Capital Group LLC now owns 4,606 shares of the company’s stock valued at $883,000 after purchasing an additional 230 shares during the period. Etesian Wealth Advisors Inc. grew its stake in shares of iShares MSCI USA Quality Factor ETF by 47.1% during the 1st quarter. Etesian Wealth Advisors Inc. now owns 19,136 shares of the company’s stock valued at $3,670,000 after purchasing an additional 6,127 shares during the period. Finally, Three Magnolias Financial Advisors LLC increased its position in shares of iShares MSCI USA Quality Factor ETF by 1.8% during the 1st quarter. Three Magnolias Financial Advisors LLC now owns 48,939 shares of the company’s stock valued at $9,387,000 after purchasing an additional 887 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Up 1.7%

BATS QUAL opened at $217.29 on Tuesday. The company has a 50-day moving average price of $212.29 and a 200-day moving average price of $204.34. iShares MSCI USA Quality Factor ETF has a 52 week low of $181.55 and a 52 week high of $219.82. The firm has a market capitalization of $63.00 billion, a P/E ratio of 25.59 and a beta of 1.05.

iShares MSCI USA Quality Factor ETF Company 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.