iShares MSCI USA Quality Factor ETF $QUAL is Flagship Private Wealth LLC’s 6th Largest Position

Flagship Private Wealth LLC decreased its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 18.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 51,331 shares of the company’s stock after selling 11,759 shares during the period. iShares MSCI USA Quality Factor ETF makes up about 4.0% of Flagship Private Wealth LLC’s investment portfolio, making the stock its 6th biggest position. Flagship Private Wealth LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $9,984,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Keener Financial Planning LLC acquired a new stake in shares of iShares MSCI USA Quality Factor ETF during the second quarter valued at about $29,000. CoreFirst Bank & Trust purchased a new position in iShares MSCI USA Quality Factor ETF in the second quarter valued at about $33,000. First Horizon Corp purchased a new position in iShares MSCI USA Quality Factor ETF in the third quarter valued at about $36,000. CX Institutional grew its stake in iShares MSCI USA Quality Factor ETF by 151.9% during 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 purchased a new stake in iShares MSCI USA Quality Factor ETF during the 3rd quarter worth approximately $39,000.

iShares MSCI USA Quality Factor ETF Stock Up 15.3%

Shares of QUAL opened at $203.74 on Tuesday. The firm has a market cap of $59.08 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. The business’s 50 day moving average is $199.44 and its two-hundred day moving average is $193.81. iShares MSCI USA Quality Factor ETF has a 52-week low of $148.34 and a 52-week 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.