Forte Asset Management LLC Sells 9,769 Shares of iShares MSCI USA Quality Factor ETF $QUAL

Forte Asset Management LLC trimmed its holdings in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 16.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,011 shares of the company’s stock after selling 9,769 shares during the period. iShares MSCI USA Quality Factor ETF comprises 4.7% of Forte Asset Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Forte Asset Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $9,727,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Keener Financial Planning LLC acquired a new position in shares of iShares MSCI USA Quality Factor ETF in the second quarter worth $29,000. CoreFirst Bank & Trust acquired a new position in iShares MSCI USA Quality Factor ETF in the 2nd quarter valued at about $33,000. First Horizon Corp acquired a new position in iShares MSCI USA Quality Factor ETF in the 3rd quarter valued at about $36,000. CX Institutional lifted its holdings in iShares MSCI USA Quality Factor ETF by 151.9% in the 2nd quarter. CX Institutional now owns 204 shares of the company’s stock valued at $37,000 after purchasing an additional 123 shares in the last quarter. Finally, Phillips Financial Management LLC acquired a new stake in shares of iShares MSCI USA Quality Factor ETF during the 3rd quarter worth about $39,000.

iShares MSCI USA Quality Factor ETF Stock Up 14.8%

QUAL stock opened at $202.71 on Friday. The stock has a market capitalization of $58.78 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 52-week low of $148.34 and a 52-week high of $187.26. The stock’s fifty day simple moving average is $199.21 and its 200-day simple moving average is $193.55.

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.