Cahaba Wealth Management Inc. Cuts Stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Cahaba Wealth Management Inc. cut its holdings in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 3.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,801 shares of the company’s stock after selling 198 shares during the quarter. Cahaba Wealth Management Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $1,040,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. NBC Securities Inc. boosted its holdings in iShares MSCI USA Quality Factor ETF by 27.2% during the 1st 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 period. GAMMA Investing LLC increased its holdings in iShares MSCI USA Quality Factor ETF by 33.6% during the 1st quarter. GAMMA Investing LLC now owns 1,165 shares of the company’s stock valued at $191,000 after purchasing an additional 293 shares during the period. MJP Associates Inc. ADV raised its position in iShares MSCI USA Quality Factor ETF by 30.2% during the 1st quarter. MJP Associates Inc. ADV now owns 1,938 shares of the company’s stock valued at $319,000 after purchasing an additional 449 shares during the last quarter. City State Bank lifted its holdings in iShares MSCI USA Quality Factor ETF by 123.7% in the 1st quarter. City State Bank now owns 255 shares of the company’s stock worth $42,000 after buying an additional 141 shares during the period. Finally, Aua Capital Management LLC purchased a new position in iShares MSCI USA Quality Factor ETF during the 1st quarter valued at $269,000.

iShares MSCI USA Quality Factor ETF Stock Up 0.4 %

Shares of BATS:QUAL traded up $0.81 on Friday, hitting $182.42. The company had a trading volume of 558,195 shares. The firm’s 50-day simple moving average is $177.09 and its two-hundred day simple moving average is $170.09. The firm has a market capitalization of $48.14 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.

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.