Sheridan Capital Management LLC Trims Stock Position in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Sheridan Capital Management LLC reduced its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 0.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,466 shares of the company’s stock after selling 92 shares during the quarter. iShares MSCI USA Quality Factor ETF accounts for approximately 1.5% of Sheridan Capital Management LLC’s investment portfolio, making the stock its 14th biggest holding. Sheridan Capital Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $2,056,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in QUAL. Provident Investment Management Inc. boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 5.8% during the second quarter. Provident Investment Management Inc. now owns 11,142 shares of the company’s stock worth $1,903,000 after buying an additional 614 shares during the period. Brookstone Capital Management lifted its position in shares of iShares MSCI USA Quality Factor ETF by 13.3% during the first quarter. Brookstone Capital Management now owns 133,416 shares of the company’s stock worth $21,927,000 after purchasing an additional 15,705 shares in the last quarter. Annandale Capital LLC boosted its holdings in iShares MSCI USA Quality Factor ETF by 1.4% in the second quarter. Annandale Capital LLC now owns 26,500 shares of the company’s stock valued at $4,525,000 after purchasing an additional 363 shares during the last quarter. Calamos Wealth Management LLC raised its position in shares of iShares MSCI USA Quality Factor ETF by 26.8% during the 2nd quarter. Calamos Wealth Management LLC now owns 1,727 shares of the company’s stock valued at $295,000 after acquiring an additional 365 shares in the last quarter. Finally, Advocacy Wealth Management Services LLC lifted its holdings in iShares MSCI USA Quality Factor ETF by 145.2% in the first quarter. Advocacy Wealth Management Services LLC now owns 303,971 shares of the company’s stock worth $49,958,000 after acquiring an additional 179,982 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Up 0.6 %

BATS QUAL traded up $1.17 on Friday, hitting $181.43. The stock had a trading volume of 840,616 shares. The company’s 50-day moving average is $175.40 and its two-hundred day moving average is $169.51. The stock has a market cap of $47.88 billion, a price-to-earnings ratio of 23.03 and a beta of 1.03. iShares MSCI USA Quality Factor ETF has a one year low of $71.96 and a one 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.