HighTower Advisors LLC Cuts Position in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

HighTower Advisors LLC lowered its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 0.8% during the third quarter, Holdings Channel reports. The institutional investor owned 1,355,807 shares of the company’s stock after selling 10,704 shares during the period. HighTower Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $243,098,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of iShares MSCI USA Quality Factor ETF by 3.6% in the third quarter. GAMMA Investing LLC now owns 1,670 shares of the company’s stock valued at $299,000 after buying an additional 58 shares in the last quarter. Carnegie Investment Counsel increased its holdings in iShares MSCI USA Quality Factor ETF by 0.5% during the 2nd quarter. Carnegie Investment Counsel now owns 11,675 shares of the company’s stock valued at $1,994,000 after acquiring an additional 61 shares in the last quarter. Procyon Advisors LLC raised its position in iShares MSCI USA Quality Factor ETF by 4.7% during the third quarter. Procyon Advisors LLC now owns 1,354 shares of the company’s stock worth $243,000 after acquiring an additional 61 shares during the last quarter. Bristlecone Advisors LLC lifted its holdings in shares of iShares MSCI USA Quality Factor ETF by 0.4% in the second quarter. Bristlecone Advisors LLC now owns 17,056 shares of the company’s stock valued at $2,912,000 after purchasing an additional 63 shares in the last quarter. Finally, Columbus Macro LLC grew its position in shares of iShares MSCI USA Quality Factor ETF by 1.3% in the third quarter. Columbus Macro LLC now owns 5,116 shares of the company’s stock valued at $926,000 after purchasing an additional 66 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of iShares MSCI USA Quality Factor ETF stock opened at $185.92 on Tuesday. iShares MSCI USA Quality Factor ETF has a 1 year low of $71.96 and a 1 year high of $88.63. The business has a 50 day moving average price of $180.98 and a 200 day moving average price of $174.91. The company has a market capitalization of $49.06 billion, a P/E ratio of 23.03 and a beta of 1.03.

iShares MSCI USA Quality Factor ETF 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.