iShares MSCI USA Quality Factor ETF $QUAL Stock Position Trimmed by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC lessened its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 8.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 454,704 shares of the company’s stock after selling 39,872 shares during the quarter. iShares MSCI USA Quality Factor ETF accounts for 5.0% of Sax Wealth Advisors LLC’s portfolio, making the stock its 4th largest position. Sax Wealth Advisors LLC owned approximately 0.16% of iShares MSCI USA Quality Factor ETF worth $83,129,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Cullen Frost Bankers Inc. boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 84.2% in the first quarter. Cullen Frost Bankers Inc. now owns 175 shares of the company’s stock worth $30,000 after buying an additional 80 shares during the last quarter. Legacy Wealth Managment LLC ID purchased a new stake in shares of iShares MSCI USA Quality Factor ETF in the first quarter worth about $37,000. CX Institutional boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 151.9% in the second quarter. CX Institutional now owns 204 shares of the company’s stock worth $37,000 after buying an additional 123 shares during the last quarter. BankPlus Trust Department boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 58.4% in the first quarter. BankPlus Trust Department now owns 244 shares of the company’s stock worth $42,000 after buying an additional 90 shares during the last quarter. Finally, First Command Advisory Services Inc. purchased a new stake in shares of iShares MSCI USA Quality Factor ETF in the first quarter worth about $43,000.

iShares MSCI USA Quality Factor ETF Stock Up 10.8%

Shares of QUAL opened at $195.75 on Wednesday. iShares MSCI USA Quality Factor ETF has a 52 week low of $148.34 and a 52 week high of $187.26. The company has a market capitalization of $56.76 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. The stock’s 50-day moving average price is $189.70 and its 200-day moving average price is $180.02.

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.