Eldridge Investment Advisors Inc. Trims Holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Eldridge Investment Advisors Inc. cut its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 20.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 44,182 shares of the company’s stock after selling 11,494 shares during the quarter. iShares MSCI USA Quality Factor ETF makes up approximately 1.8% of Eldridge Investment Advisors Inc.’s investment portfolio, making the stock its 14th biggest position. Eldridge Investment Advisors Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $7,868,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QUAL. Raymond James Financial Inc. purchased a new stake in shares of iShares MSCI USA Quality Factor ETF in the 4th quarter worth about $331,412,000. FMR LLC grew its position in shares of iShares MSCI USA Quality Factor ETF by 7.9% in the 3rd quarter. FMR LLC now owns 15,848,761 shares of the company’s stock worth $2,841,683,000 after buying an additional 1,160,410 shares during the period. LPL Financial LLC grew its position in shares of iShares MSCI USA Quality Factor ETF by 6.9% in the 3rd quarter. LPL Financial LLC now owns 14,725,824 shares of the company’s stock worth $2,640,340,000 after buying an additional 950,857 shares during the period. Strategic Financial Concepts LLC grew its position in shares of iShares MSCI USA Quality Factor ETF by 18,801.7% in the 4th quarter. Strategic Financial Concepts LLC now owns 522,633 shares of the company’s stock worth $93,070,000 after buying an additional 519,868 shares during the period. Finally, Heck Capital Advisors LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF in the 4th quarter worth about $81,990,000.

iShares MSCI USA Quality Factor ETF Price Performance

BATS:QUAL opened at $171.70 on Friday. The firm’s 50-day moving average price is $180.67 and its 200-day moving average price is $180.40. The company has a market capitalization of $48.74 billion, a PE ratio of 26.45 and a beta of 1.04. iShares MSCI USA Quality Factor ETF has a 1-year low of $154.17 and a 1-year high of $187.26.

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.