Mather Group LLC. Trims Stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Mather Group LLC. lowered its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 8.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 19,283 shares of the company’s stock after selling 1,883 shares during the period. Mather Group LLC.’s holdings in iShares MSCI USA Quality Factor ETF were worth $3,457,000 at the end of the most recent quarter.

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

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of BATS QUAL opened at $179.39 on Wednesday. The firm’s 50 day moving average price is $174.74 and its 200-day moving average price is $169.19. The company has a market cap of $47.34 billion, a PE ratio of 23.03 and a beta of 1.03. iShares MSCI USA Quality Factor ETF has a 52-week low of $71.96 and a 52-week high of $88.63.

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.