Magnus Financial Group LLC Has $3.34 Million Stock Holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Magnus Financial Group LLC trimmed its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 0.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,640 shares of the company’s stock after selling 96 shares during the quarter. Magnus Financial Group LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $3,342,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in QUAL. Keystone Wealth Services LLC raised its position in shares of iShares MSCI USA Quality Factor ETF by 3.9% during the third quarter. Keystone Wealth Services LLC now owns 22,822 shares of the company’s stock worth $4,092,000 after purchasing an additional 862 shares during the period. Cabot Wealth Management Inc. increased its stake in iShares MSCI USA Quality Factor ETF by 4.2% during the 3rd quarter. Cabot Wealth Management Inc. now owns 38,841 shares of the company’s stock worth $6,964,000 after purchasing an additional 1,570 shares in the last quarter. RDA Financial Network raised its holdings in iShares MSCI USA Quality Factor ETF by 8.3% during the 3rd quarter. RDA Financial Network now owns 9,373 shares of the company’s stock worth $1,681,000 after buying an additional 718 shares during the period. Watershed Private Wealth LLC boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 4.7% in the third quarter. Watershed Private Wealth LLC now owns 63,798 shares of the company’s stock valued at $11,439,000 after buying an additional 2,857 shares during the period. Finally, Creative Planning boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 1.6% in the third quarter. Creative Planning now owns 65,886 shares of the company’s stock valued at $11,813,000 after buying an additional 1,041 shares during the period.

iShares MSCI USA Quality Factor ETF Stock Down 1.2 %

Shares of BATS:QUAL traded down $2.25 during midday trading on Tuesday, reaching $180.94. 672,471 shares of the company were exchanged. The firm has a market cap of $47.75 billion, a PE ratio of 23.03 and a beta of 1.03. iShares MSCI USA Quality Factor ETF has a fifty-two week low of $71.96 and a fifty-two week high of $88.63. The stock has a fifty day simple moving average of $175.81 and a two-hundred day simple moving average of $169.68.

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.