Ballentine Partners LLC Lowers Position in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Ballentine Partners LLC trimmed its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 61.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,841 shares of the company’s stock after selling 6,228 shares during the quarter. Ballentine Partners LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its stake in shares of iShares MSCI USA Quality Factor ETF by 9.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 31,853,469 shares of the company’s stock worth $5,443,439,000 after acquiring an additional 2,711,718 shares during the period. LPL Financial LLC grew its stake in shares of iShares MSCI USA Quality Factor ETF by 14.5% during the 4th quarter. LPL Financial LLC now owns 16,867,820 shares of the company’s stock worth $3,003,821,000 after acquiring an additional 2,141,996 shares during the period. FMR LLC grew its stake in shares of iShares MSCI USA Quality Factor ETF by 1.8% during the 4th quarter. FMR LLC now owns 16,141,300 shares of the company’s stock worth $2,874,443,000 after acquiring an additional 292,539 shares during the period. Bank of America Corp DE grew its stake in shares of iShares MSCI USA Quality Factor ETF by 1.5% during the 4th quarter. Bank of America Corp DE now owns 7,721,037 shares of the company’s stock worth $1,374,962,000 after acquiring an additional 113,633 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of iShares MSCI USA Quality Factor ETF by 14.6% during the 4th quarter. JPMorgan Chase & Co. now owns 6,580,546 shares of the company’s stock worth $1,171,864,000 after acquiring an additional 837,887 shares during the period.

iShares MSCI USA Quality Factor ETF Stock Performance

QUAL stock opened at $183.97 on Tuesday. The company has a market capitalization of $53.34 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a fifty-two week low of $148.34 and a fifty-two week high of $187.26. The stock has a fifty day moving average of $178.86 and a 200-day moving average of $176.29.

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.