Formidable Asset Management LLC Lowers Position in iShares MSCI USA Quality Factor ETF $QUAL

Formidable Asset Management LLC lessened its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 6.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,680 shares of the company’s stock after selling 2,690 shares during the quarter. iShares MSCI USA Quality Factor ETF makes up about 1.2% of Formidable Asset Management LLC’s holdings, making the stock its 14th largest position. Formidable Asset Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $8,107,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of QUAL. Hantz Financial Services Inc. bought a new stake in iShares MSCI USA Quality Factor ETF during the third quarter worth $25,000. Financial Life Planners bought a new position in iShares MSCI USA Quality Factor ETF during the 3rd quarter valued at $28,000. CoreFirst Bank & Trust purchased a new position in iShares MSCI USA Quality Factor ETF during the 2nd quarter worth $33,000. First Horizon Corp purchased a new position in iShares MSCI USA Quality Factor ETF during the 3rd quarter worth $36,000. Finally, Phillips Financial Management LLC bought a new stake in shares of iShares MSCI USA Quality Factor ETF in the 3rd quarter worth $39,000.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of QUAL stock opened at $193.16 on Friday. The firm has a 50-day moving average of $199.63 and a 200-day moving average of $197.90. The company has a market cap of $56.01 billion, a P/E ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a one year low of $148.34 and a one year high of $205.65.

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. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.