Avestar Capital LLC Sells 4,200 Shares of iShares MSCI USA Quality Factor ETF $QUAL

Avestar Capital LLC trimmed its holdings in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 15.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 22,498 shares of the company’s stock after selling 4,200 shares during the period. Avestar Capital LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $4,376,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. CFO4Life Group LLC boosted its holdings in iShares MSCI USA Quality Factor ETF by 0.9% during the 3rd quarter. CFO4Life Group LLC now owns 178,347 shares of the company’s stock valued at $34,688,000 after acquiring an additional 1,593 shares during the period. Collaborative Wealth Managment Inc. bought a new position in iShares MSCI USA Quality Factor ETF during the 3rd quarter valued at approximately $205,000. L & S Advisors Inc lifted its holdings in iShares MSCI USA Quality Factor ETF by 6.7% in the 3rd quarter. L & S Advisors Inc now owns 6,486 shares of the company’s stock worth $1,262,000 after buying an additional 410 shares during the period. Synovus Financial Corp lifted its holdings in iShares MSCI USA Quality Factor ETF by 0.3% in the 3rd quarter. Synovus Financial Corp now owns 742,905 shares of the company’s stock worth $144,496,000 after buying an additional 2,175 shares during the period. Finally, Signet Financial Management LLC grew its position in shares of iShares MSCI USA Quality Factor ETF by 5.1% in the 3rd quarter. Signet Financial Management LLC now owns 26,489 shares of the company’s stock worth $5,152,000 after buying an additional 1,282 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Up 0.6%

Shares of iShares MSCI USA Quality Factor ETF stock opened at $203.49 on Thursday. The business has a 50 day moving average of $201.64 and a 200 day moving average of $195.89. iShares MSCI USA Quality Factor ETF has a 52 week low of $148.34 and a 52 week high of $205.48. The company has a market cap of $59.00 billion, a PE ratio of 25.59 and a beta of 1.05.

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.