Sequoia Financial Advisors LLC Has $22.22 Million Position in iShares MSCI USA Quality Factor ETF $QUAL

Sequoia Financial Advisors LLC lessened its holdings in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 3.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,261 shares of the company’s stock after selling 4,025 shares during the period. Sequoia Financial Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $22,220,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Advocate Investing Services LLC bought a new stake in iShares MSCI USA Quality Factor ETF during the 4th quarter worth approximately $25,000. Resources Management Corp CT ADV bought a new position in iShares MSCI USA Quality Factor ETF in the fourth quarter valued at approximately $27,000. Financial Life Planners bought a new position in iShares MSCI USA Quality Factor ETF in the first quarter valued at approximately $28,000. Cornerstone Financial Management LLC acquired a new position in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter valued at approximately $30,000. Finally, Godsey & Gibb Inc. boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 69.8% in the first quarter. Godsey & Gibb Inc. now owns 163 shares of the company’s stock valued at $31,000 after buying an additional 67 shares during the period.

iShares MSCI USA Quality Factor ETF Stock Down 0.6%

Shares of QUAL stock opened at $219.56 on Thursday. The firm has a fifty day moving average of $221.27 and a 200-day moving average of $211.51. iShares MSCI USA Quality Factor ETF has a 12-month low of $185.88 and a 12-month high of $227.32. The company has a market capitalization of $63.66 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05.

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.