Tortoise Investment Management LLC Lowers Stock Holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Tortoise Investment Management LLC lowered its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 23.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,589 shares of the company’s stock after selling 2,650 shares during the period. Tortoise Investment Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $1,264,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Envestnet Asset Management Inc. grew its position in iShares MSCI USA Quality Factor ETF by 2.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 26,751,547 shares of the company’s stock valued at $3,936,223,000 after acquiring an additional 744,380 shares during the period. FMR LLC grew its position in iShares MSCI USA Quality Factor ETF by 6.7% during the third quarter. FMR LLC now owns 14,616,008 shares of the company’s stock valued at $1,926,244,000 after acquiring an additional 923,875 shares during the period. UBS Group AG grew its position in iShares MSCI USA Quality Factor ETF by 4.9% during the fourth quarter. UBS Group AG now owns 4,276,029 shares of the company’s stock valued at $629,175,000 after acquiring an additional 200,655 shares during the period. Wells Fargo & Company MN lifted its stake in shares of iShares MSCI USA Quality Factor ETF by 30.0% during the fourth quarter. Wells Fargo & Company MN now owns 3,886,985 shares of the company’s stock worth $571,931,000 after purchasing an additional 897,256 shares in the last quarter. Finally, M&T Bank Corp lifted its stake in shares of iShares MSCI USA Quality Factor ETF by 1.7% during the fourth quarter. M&T Bank Corp now owns 3,665,986 shares of the company’s stock worth $539,416,000 after purchasing an additional 59,771 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Trading Up 0.2 %

Shares of QUAL traded up $0.27 during midday trading on Friday, reaching $171.13. 976,529 shares of the company were exchanged. The stock has a 50-day moving average price of $163.01 and a 200-day moving average price of $156.92. The company has a market cap of $45.16 billion, a price-to-earnings ratio of 23.03 and a beta of 1.03. iShares MSCI USA Quality Factor ETF has a 1-year low of $71.96 and a 1-year high of $88.63.

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.