EverSource Wealth Advisors LLC Sells 1,276 Shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL)

EverSource Wealth Advisors LLC cut its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 16.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,290 shares of the company’s stock after selling 1,276 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $987,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its holdings in iShares MSCI USA Quality Factor ETF by 2.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 26,751,547 shares of the company’s stock worth $3,936,223,000 after purchasing an additional 744,380 shares in the last quarter. UBS Group AG raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 4.9% during the 4th quarter. UBS Group AG now owns 4,276,029 shares of the company’s stock worth $629,175,000 after acquiring an additional 200,655 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 30.0% during the 4th quarter. Wells Fargo & Company MN now owns 3,886,985 shares of the company’s stock worth $571,931,000 after acquiring an additional 897,256 shares in the last quarter. M&T Bank Corp raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 1.7% during the 4th quarter. M&T Bank Corp now owns 3,665,986 shares of the company’s stock worth $539,416,000 after acquiring an additional 59,771 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 4.2% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,934,135 shares of the company’s stock worth $482,225,000 after acquiring an additional 117,940 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Trading Down 1.4 %

BATS:QUAL traded down $2.34 during midday trading on Friday, hitting $167.52. 1,076,019 shares of the company traded hands. The firm’s fifty day moving average is $170.62 and its 200-day moving average is $163.37. iShares MSCI USA Quality Factor ETF has a 12-month low of $71.96 and a 12-month high of $88.63. The firm has a market capitalization of $44.21 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.