Schrum Private Wealth Management LLC Lowers Stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Schrum Private Wealth Management LLC lessened its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 31.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,863 shares of the company’s stock after selling 3,183 shares during the quarter. iShares MSCI USA Quality Factor ETF comprises about 1.0% of Schrum Private Wealth Management LLC’s portfolio, making the stock its 27th largest holding. Schrum Private Wealth Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $1,222,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Financial Life Planners purchased a new stake in shares of iShares MSCI USA Quality Factor ETF during the fourth quarter valued at approximately $25,000. OLD Second National Bank of Aurora bought a new stake in shares of iShares MSCI USA Quality Factor ETF in the 3rd quarter worth $27,000. BankPlus Trust Department bought a new position in shares of iShares MSCI USA Quality Factor ETF during the fourth quarter valued at $27,000. MGB Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF during the third quarter valued at $39,000. Finally, Empowered Funds LLC bought a new stake in iShares MSCI USA Quality Factor ETF in the 4th quarter worth about $40,000.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of BATS:QUAL opened at $179.31 on Thursday. The stock’s 50-day simple moving average is $181.66 and its two-hundred day simple moving average is $180.60. iShares MSCI USA Quality Factor ETF has a 52-week low of $154.17 and a 52-week high of $187.26. The stock has a market capitalization of $49.79 billion, a price-to-earnings ratio of 28.36 and a beta of 1.04.

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.