Cresset Asset Management LLC Reduces Stock Position in iShares MSCI USA Quality Factor ETF $QUAL

Cresset Asset Management LLC trimmed its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 3.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 454,607 shares of the company’s stock after selling 15,676 shares during the quarter. Cresset Asset Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $88,421,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Avantra Family Wealth Inc. acquired a new stake in iShares MSCI USA Quality Factor ETF during the 3rd quarter valued at approximately $1,493,000. Dynasty Wealth Management LLC raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 18.3% during the third quarter. Dynasty Wealth Management LLC now owns 582,095 shares of the company’s stock worth $113,218,000 after purchasing an additional 90,195 shares during the last quarter. Walkner Condon Financial Advisors LLC acquired a new position in iShares MSCI USA Quality Factor ETF during the second quarter valued at $213,000. Cabot Wealth Management Inc. boosted its holdings in iShares MSCI USA Quality Factor ETF by 8.7% in the third quarter. Cabot Wealth Management Inc. now owns 42,044 shares of the company’s stock valued at $8,177,000 after purchasing an additional 3,369 shares during the last quarter. Finally, Insight Inv LLC acquired a new stake in iShares MSCI USA Quality Factor ETF during the 3rd quarter worth about $1,016,000.

iShares MSCI USA Quality Factor ETF Stock Performance

BATS QUAL opened at $202.29 on Wednesday. The firm has a market capitalization of $58.65 billion, a P/E ratio of 25.59 and a beta of 1.05. The stock has a 50-day simple moving average of $202.52 and a two-hundred day simple moving average of $197.08. iShares MSCI USA Quality Factor ETF has a fifty-two week low of $148.34 and a fifty-two week high of $205.65.

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.