Franklin Resources Inc. Sells 155,739 Shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Franklin Resources Inc. trimmed its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 29.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 366,432 shares of the company’s stock after selling 155,739 shares during the quarter. Franklin Resources Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $65,254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of QUAL. Howe & Rusling Inc. grew its position in iShares MSCI USA Quality Factor ETF by 7.6% during the fourth quarter. Howe & Rusling Inc. now owns 776 shares of the company’s stock valued at $138,000 after buying an additional 55 shares during the period. Rosenberg Matthew Hamilton grew its position in shares of iShares MSCI USA Quality Factor ETF by 5.0% during the 4th quarter. Rosenberg Matthew Hamilton now owns 1,241 shares of the company’s stock valued at $221,000 after acquiring an additional 59 shares during the period. Bristlecone Advisors LLC increased its stake in shares of iShares MSCI USA Quality Factor ETF by 0.3% in the 4th quarter. Bristlecone Advisors LLC now owns 17,214 shares of the company’s stock worth $3,065,000 after purchasing an additional 59 shares in the last quarter. Tucker Asset Management LLC raised its holdings in iShares MSCI USA Quality Factor ETF by 11.5% in the 4th quarter. Tucker Asset Management LLC now owns 629 shares of the company’s stock worth $112,000 after purchasing an additional 65 shares during the period. Finally, Sheridan Capital Management LLC lifted its position in iShares MSCI USA Quality Factor ETF by 0.6% during the fourth quarter. Sheridan Capital Management LLC now owns 11,532 shares of the company’s stock valued at $2,054,000 after purchasing an additional 66 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Stock Down 6.7 %

Shares of QUAL opened at $164.73 on Friday. The business has a 50-day simple moving average of $178.44 and a two-hundred day simple moving average of $180.07. 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 cap of $46.69 billion, a price-to-earnings ratio of 26.25 and a beta of 1.05.

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.