EverSource Wealth Advisors LLC Sells 1,276 Shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL)

EverSource Wealth Advisors LLC decreased its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 16.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,290 shares of the company’s stock after selling 1,276 shares during the period. EverSource Wealth Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $987,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in QUAL. Envestnet Asset Management Inc. increased its position in shares of iShares MSCI USA Quality Factor ETF by 2.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 26,751,547 shares of the company’s stock worth $3,936,223,000 after acquiring an additional 744,380 shares during the period. UBS Group AG boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 4.9% during the fourth quarter. UBS Group AG now owns 4,276,029 shares of the company’s stock valued at $629,175,000 after purchasing an additional 200,655 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 30.0% during the fourth quarter. Wells Fargo & Company MN now owns 3,886,985 shares of the company’s stock valued at $571,931,000 after purchasing an additional 897,256 shares in the last quarter. M&T Bank Corp boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 1.7% during the fourth quarter. M&T Bank Corp now owns 3,665,986 shares of the company’s stock valued at $539,416,000 after purchasing an additional 59,771 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 4.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,934,135 shares of the company’s stock valued at $482,225,000 after purchasing an additional 117,940 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

QUAL stock traded down $2.34 on Friday, hitting $167.52. 1,076,019 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $170.62 and a two-hundred day moving average price of $163.37. The stock has a market cap of $44.21 billion, a P/E ratio of 23.03 and a beta of 1.03. iShares MSCI USA Quality Factor ETF has a 12-month low of $71.96 and a 12-month high of $88.63.

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.