Pillar Wealth Advisors LLC Cuts Stock Position in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Pillar Wealth Advisors LLC cut its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 6.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,329 shares of the company’s stock after selling 4,165 shares during the quarter. iShares MSCI USA Quality Factor ETF comprises approximately 7.1% of Pillar Wealth Advisors LLC’s holdings, making the stock its 3rd largest position. Pillar Wealth Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $9,422,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. VisionPoint Advisory Group LLC acquired a new stake in shares of iShares MSCI USA Quality Factor ETF in the third quarter valued at about $25,000. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of iShares MSCI USA Quality Factor ETF during the fourth quarter worth approximately $28,000. MCF Advisors LLC bought a new stake in shares of iShares MSCI USA Quality Factor ETF in the first quarter valued at approximately $37,000. Thompson Investment Management Inc. acquired a new stake in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter worth $34,000. Finally, City State Bank increased its position in iShares MSCI USA Quality Factor ETF by 123.7% during the first quarter. City State Bank now owns 255 shares of the company’s stock worth $42,000 after acquiring an additional 141 shares during the period.

iShares MSCI USA Quality Factor ETF Trading Up 0.7 %

BATS:QUAL traded up $1.27 during trading hours on Friday, hitting $174.32. 784,827 shares of the company traded hands. The stock has a market capitalization of $46.00 billion, a price-to-earnings ratio of 23.03 and a beta of 1.03. The firm has a 50-day moving average of $168.61 and a 200 day moving average of $160.75. iShares MSCI USA Quality Factor ETF has a twelve month low of $71.96 and a twelve month high of $88.63.

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.