Silverlake Wealth Management LLC Has $3.20 Million Stock Position in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Silverlake Wealth Management LLC trimmed its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 8.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,696 shares of the company’s stock after selling 1,734 shares during the quarter. iShares MSCI USA Quality Factor ETF makes up approximately 1.2% of Silverlake Wealth Management LLC’s holdings, making the stock its 10th biggest position. Silverlake Wealth Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $3,195,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Brighton Jones LLC raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 25.3% during the 4th quarter. Brighton Jones LLC now owns 10,028 shares of the company’s stock worth $1,786,000 after acquiring an additional 2,023 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF during the 4th quarter worth approximately $81,990,000. Highview Capital Management LLC DE raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 4.9% during the 4th quarter. Highview Capital Management LLC DE now owns 36,991 shares of the company’s stock worth $6,587,000 after acquiring an additional 1,731 shares in the last quarter. HM Payson & Co. raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 9.2% during the 4th quarter. HM Payson & Co. now owns 1,274 shares of the company’s stock worth $227,000 after acquiring an additional 107 shares in the last quarter. Finally, Rialto Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF during the 4th quarter worth approximately $32,000.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of QUAL traded up $6.97 during mid-day trading on Tuesday, hitting $183.61. 1,138,168 shares of the stock were exchanged, compared to its average volume of 1,248,999. The company has a market cap of $53.24 billion, a PE ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 52-week low of $148.34 and a 52-week high of $187.26. The firm has a 50-day moving average of $177.43 and a two-hundred day moving average of $176.13.

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.