iShares MSCI USA Quality Factor ETF $QUAL Stake Cut by Physician Wealth Advisors Inc.

Physician Wealth Advisors Inc. lessened its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 13.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 133,302 shares of the company’s stock after selling 20,539 shares during the quarter. iShares MSCI USA Quality Factor ETF comprises 3.7% of Physician Wealth Advisors Inc.’s portfolio, making the stock its 5th largest holding. Physician Wealth Advisors Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $25,927,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of QUAL. Keener Financial Planning LLC bought a new stake in iShares MSCI USA Quality Factor ETF during the 2nd quarter worth approximately $29,000. CoreFirst Bank & Trust purchased a new position in shares of iShares MSCI USA Quality Factor ETF during the 2nd quarter valued at $33,000. First Horizon Corp bought a new position in shares of iShares MSCI USA Quality Factor ETF in the third quarter worth $36,000. Phillips Financial Management LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF in the third quarter worth $39,000. Finally, Legacy Investment Solutions LLC bought a new stake in iShares MSCI USA Quality Factor ETF during the second quarter valued at $40,000.

iShares MSCI USA Quality Factor ETF Stock Up 15.3%

iShares MSCI USA Quality Factor ETF stock opened at $203.69 on Tuesday. The stock has a market cap of $59.06 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. The business has a 50-day simple moving average of $200.67 and a 200 day simple moving average of $194.52. 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.