Foundry Financial Group Inc. Sells 4,511 Shares of iShares MSCI USA Quality Factor ETF $QUAL

Foundry Financial Group Inc. reduced its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 20.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,210 shares of the company’s stock after selling 4,511 shares during the quarter. iShares MSCI USA Quality Factor ETF makes up about 1.7% of Foundry Financial Group Inc.’s investment portfolio, making the stock its 16th largest holding. Foundry Financial Group Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $3,418,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Ameritas Advisory Services LLC boosted its position in shares of iShares MSCI USA Quality Factor ETF by 4,022.5% in the fourth quarter. Ameritas Advisory Services LLC now owns 163,415 shares of the company’s stock worth $32,458,000 after purchasing an additional 159,451 shares during the period. Liberty Wealth Management LLC boosted its position in shares of iShares MSCI USA Quality Factor ETF by 2.0% in the fourth quarter. Liberty Wealth Management LLC now owns 159,312 shares of the company’s stock worth $31,622,000 after purchasing an additional 3,188 shares during the period. Independent Advisor Alliance bought a new position in shares of iShares MSCI USA Quality Factor ETF during the fourth quarter worth $826,000. World Investment Advisors boosted its position in shares of iShares MSCI USA Quality Factor ETF by 135.7% during the fourth quarter. World Investment Advisors now owns 64,632 shares of the company’s stock worth $12,837,000 after acquiring an additional 37,211 shares during the last quarter. Finally, Empire Life Investments Inc. boosted its position in shares of iShares MSCI USA Quality Factor ETF by 0.8% during the fourth quarter. Empire Life Investments Inc. now owns 6,150 shares of the company’s stock worth $1,222,000 after acquiring an additional 50 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of BATS:QUAL opened at $210.97 on Thursday. The firm has a fifty day moving average price of $200.45 and a 200 day moving average price of $200.03. iShares MSCI USA Quality Factor ETF has a fifty-two week low of $173.00 and a fifty-two week high of $211.44. The firm has a market cap of $61.17 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05.

iShares MSCI USA Quality Factor ETF 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.