Wharton Business Group LLC Cuts Holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Wharton Business Group LLC decreased its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 1.0% during the fourth quarter, HoldingsChannel reports. The firm owned 1,254,494 shares of the company’s stock after selling 12,974 shares during the quarter. iShares MSCI USA Quality Factor ETF comprises approximately 10.1% of Wharton Business Group LLC’s holdings, making the stock its biggest position. Wharton Business Group LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $223,400,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of QUAL. IFP Advisors Inc increased its stake in shares of iShares MSCI USA Quality Factor ETF by 4.5% in the fourth quarter. IFP Advisors Inc now owns 70,552 shares of the company’s stock worth $12,564,000 after purchasing an additional 3,016 shares during the period. Asset Advisors Investment Management LLC increased its position in iShares MSCI USA Quality Factor ETF by 4.2% in the 4th quarter. Asset Advisors Investment Management LLC now owns 49,848 shares of the company’s stock worth $8,877,000 after buying an additional 2,021 shares during the period. Genesis Wealth Advisors LLC acquired a new position in shares of iShares MSCI USA Quality Factor ETF during the fourth quarter worth approximately $898,000. Capital Advisors Ltd. LLC lifted its holdings in shares of iShares MSCI USA Quality Factor ETF by 2.1% during the fourth quarter. Capital Advisors Ltd. LLC now owns 157,616 shares of the company’s stock worth $28,068,000 after buying an additional 3,250 shares during the last quarter. Finally, Midwest Capital Advisors LLC bought a new stake in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter valued at approximately $15,118,000.

iShares MSCI USA Quality Factor ETF Trading Up 3.4 %

Shares of QUAL stock opened at $182.67 on Monday. The firm has a market capitalization of $48.21 billion, a P/E 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. The firm’s fifty day simple moving average is $181.78 and its 200 day simple moving average is $180.14.

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.