Sutton Place Investors LLC Reduces Holdings in iShares MSCI USA Quality Factor ETF $QUAL

Sutton Place Investors LLC lowered its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 39.5% during the fourth quarter, HoldingsChannel reports. The firm owned 9,207 shares of the company’s stock after selling 6,002 shares during the period. iShares MSCI USA Quality Factor ETF accounts for approximately 1.0% of Sutton Place Investors LLC’s holdings, making the stock its 27th largest holding. Sutton Place Investors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $1,829,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Hantz Financial Services Inc. purchased a new stake in shares of iShares MSCI USA Quality Factor ETF during the third quarter valued at approximately $25,000. Financial Life Planners purchased a new stake in shares of iShares MSCI USA Quality Factor ETF during the third quarter valued at approximately $28,000. CoreFirst Bank & Trust purchased a new stake in shares of iShares MSCI USA Quality Factor ETF during the second quarter valued at approximately $33,000. First Horizon Corp purchased a new stake in shares of iShares MSCI USA Quality Factor ETF during the third quarter valued at approximately $36,000. Finally, Fortitude Family Office LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF during the fourth quarter valued at approximately $39,000.

iShares MSCI USA Quality Factor ETF Stock Up 2.9%

QUAL opened at $199.01 on Thursday. The firm has a market capitalization of $57.70 billion, a P/E ratio of 25.59 and a beta of 1.05. The firm’s 50 day moving average is $198.92 and its 200-day moving average is $198.04. iShares MSCI USA Quality Factor ETF has a 52-week low of $151.37 and a 52-week high of $205.65.

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