Gradient Investments LLC Has $55.97 Million Stock Position in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Gradient Investments LLC cut its holdings in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 24.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 327,773 shares of the company’s stock after selling 105,009 shares during the quarter. iShares MSCI USA Quality Factor ETF accounts for about 1.3% of Gradient Investments LLC’s investment portfolio, making the stock its 19th largest holding. Gradient Investments LLC owned 0.12% of iShares MSCI USA Quality Factor ETF worth $55,971,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. MCF Advisors LLC acquired a new stake in iShares MSCI USA Quality Factor ETF during the first quarter valued at $37,000. Opal Wealth Advisors LLC acquired a new position in iShares MSCI USA Quality Factor ETF in the second quarter worth approximately $41,000. City State Bank raised its position in iShares MSCI USA Quality Factor ETF by 123.7% during the first quarter. City State Bank now owns 255 shares of the company’s stock valued at $42,000 after acquiring an additional 141 shares in the last quarter. Headlands Technologies LLC acquired a new stake in iShares MSCI USA Quality Factor ETF in the first quarter valued at approximately $48,000. Finally, NBC Securities Inc. lifted its stake in iShares MSCI USA Quality Factor ETF by 27.2% in the first quarter. NBC Securities Inc. now owns 309 shares of the company’s stock valued at $51,000 after acquiring an additional 66 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Up 0.1 %

Shares of QUAL traded up $0.10 during mid-day trading on Friday, hitting $174.63. 904,630 shares of the company’s stock were exchanged. The stock has a market cap of $46.08 billion, a price-to-earnings ratio of 23.03 and a beta of 1.03. The firm has a fifty day moving average of $171.01 and a two-hundred day moving average of $164.53. iShares MSCI USA Quality Factor ETF has a twelve month low of $71.96 and a twelve month 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.