Raymond James & Associates Sells 19,278 Shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Raymond James & Associates reduced its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 2.2% during the 1st quarter, HoldingsChannel reports. The fund owned 852,045 shares of the company’s stock after selling 19,278 shares during the period. Raymond James & Associates’ holdings in iShares MSCI USA Quality Factor ETF were worth $140,034,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. VisionPoint Advisory Group LLC bought a new position in shares of iShares MSCI USA Quality Factor ETF during the third quarter valued at approximately $25,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF during the 4th quarter valued at $28,000. NBC Securities Inc. purchased a new stake in shares of iShares MSCI USA Quality Factor ETF during the 3rd quarter valued at $26,000. Signaturefd LLC increased its position in shares of iShares MSCI USA Quality Factor ETF by 1,414.3% in the 3rd quarter. Signaturefd LLC now owns 212 shares of the company’s stock valued at $28,000 after acquiring an additional 198 shares during the period. Finally, MCF Advisors LLC acquired a new position in shares of iShares MSCI USA Quality Factor ETF in the 1st quarter valued at $37,000.

iShares MSCI USA Quality Factor ETF Trading Down 1.3 %

QUAL traded down $2.04 during midday trading on Tuesday, hitting $156.93. 1,171,438 shares of the company were exchanged. The company’s 50 day simple moving average is $161.01 and its 200 day simple moving average is $150.22. The firm has a market capitalization of $41.06 billion, a price-to-earnings ratio of 23.32 and a beta of 1.04. 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.