Focus Financial Network Inc. Sells 23,569 Shares of iShares MSCI USA Quality Factor ETF $QUAL

Focus Financial Network Inc. lessened its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 30.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 54,255 shares of the company’s stock after selling 23,569 shares during the period. Focus Financial Network Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $11,905,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Fluent Financial LLC lifted its position in shares of iShares MSCI USA Quality Factor ETF by 1.7% in the 2nd quarter. Fluent Financial LLC now owns 20,075 shares of the company’s stock worth $4,405,000 after acquiring an additional 336 shares during the period. Exchange Bank increased its position in shares of iShares MSCI USA Quality Factor ETF by 56.6% during the second quarter. Exchange Bank now owns 4,519 shares of the company’s stock valued at $992,000 after purchasing an additional 1,634 shares during the period. Sax Wealth Advisors LLC increased its position in shares of iShares MSCI USA Quality Factor ETF by 1.2% during the second quarter. Sax Wealth Advisors LLC now owns 465,970 shares of the company’s stock valued at $102,248,000 after purchasing an additional 5,317 shares during the period. Everpar Advisors LLC raised its stake in shares of iShares MSCI USA Quality Factor ETF by 27.9% in the second quarter. Everpar Advisors LLC now owns 8,388 shares of the company’s stock valued at $1,841,000 after purchasing an additional 1,830 shares in the last quarter. Finally, Breakwater Capital Group raised its stake in shares of iShares MSCI USA Quality Factor ETF by 2.1% in the second quarter. Breakwater Capital Group now owns 29,944 shares of the company’s stock valued at $6,571,000 after purchasing an additional 621 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of QUAL stock opened at $225.69 on Monday. The stock has a market cap of $65.44 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 $184.60 and a one year high of $227.16. The stock has a fifty day moving average price of $217.61 and a 200 day moving average price of $208.12.

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.