Scarborough Advisors LLC decreased its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL – Free Report) by 21.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 129,739 shares of the company’s stock after selling 35,943 shares during the period. iShares MSCI USA Quality Factor ETF comprises 2.7% of Scarborough Advisors LLC’s portfolio, making the stock its 9th largest holding. Scarborough Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $24,885,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. Advocate Investing Services LLC purchased a new position in iShares MSCI USA Quality Factor ETF during the fourth quarter worth about $25,000. Resources Management Corp CT ADV acquired a new stake in iShares MSCI USA Quality Factor ETF in the fourth quarter valued at about $27,000. Financial Life Planners purchased a new stake in iShares MSCI USA Quality Factor ETF in the 1st quarter valued at approximately $28,000. Ares Financial Consulting LLC purchased a new stake in iShares MSCI USA Quality Factor ETF in the 4th quarter valued at approximately $30,000. Finally, Cornerstone Financial Management LLC purchased a new stake in iShares MSCI USA Quality Factor ETF in the 4th quarter valued at approximately $30,000.
iShares MSCI USA Quality Factor ETF Stock Performance
BATS QUAL opened at $217.87 on Monday. The stock has a market capitalization of $63.17 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. The business’s 50 day moving average is $215.49 and its two-hundred day moving average is $206.23. iShares MSCI USA Quality Factor ETF has a 12-month low of $181.65 and a 12-month high of $221.16.
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. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.
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