Wallace Advisory Group LLC Has $1.98 Million Position in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Wallace Advisory Group LLC reduced its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 1.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 11,585 shares of the company’s stock after selling 171 shares during the quarter. iShares MSCI USA Quality Factor ETF comprises about 1.4% of Wallace Advisory Group LLC’s investment portfolio, making the stock its 12th largest position. Wallace Advisory Group LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $1,978,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Provident Investment Management Inc. grew its position in shares of iShares MSCI USA Quality Factor ETF by 5.8% in the 2nd quarter. Provident Investment Management Inc. now owns 11,142 shares of the company’s stock valued at $1,903,000 after purchasing an additional 614 shares during the period. American Trust acquired a new position in iShares MSCI USA Quality Factor ETF during the 4th quarter worth approximately $21,979,000. Scarborough Advisors LLC boosted its position in iShares MSCI USA Quality Factor ETF by 1,460.0% during the 4th quarter. Scarborough Advisors LLC now owns 973,510 shares of the company’s stock worth $143,242,000 after acquiring an additional 911,104 shares during the last quarter. Brookstone Capital Management boosted its position in iShares MSCI USA Quality Factor ETF by 13.3% during the 1st quarter. Brookstone Capital Management now owns 133,416 shares of the company’s stock worth $21,927,000 after acquiring an additional 15,705 shares during the last quarter. Finally, Annandale Capital LLC boosted its position in iShares MSCI USA Quality Factor ETF by 1.4% during the 2nd quarter. Annandale Capital LLC now owns 26,500 shares of the company’s stock worth $4,525,000 after acquiring an additional 363 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

BATS:QUAL traded up $0.85 during trading hours on Friday, reaching $179.21. 744,957 shares of the stock were exchanged. iShares MSCI USA Quality Factor ETF has a twelve month low of $71.96 and a twelve month high of $88.63. The firm has a 50 day moving average of $174.36 and a 200 day moving average of $168.93. The stock has a market cap of $47.29 billion, a PE ratio of 23.03 and a beta of 1.03.

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.