Scarborough Advisors LLC Sells 34,840 Shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Scarborough Advisors LLC trimmed its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 13.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 230,087 shares of the company’s stock after selling 34,840 shares during the quarter. iShares MSCI USA Quality Factor ETF accounts for 5.8% of Scarborough Advisors LLC’s portfolio, making the stock its 2nd largest holding. Scarborough Advisors LLC owned approximately 0.09% of iShares MSCI USA Quality Factor ETF worth $40,974,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in QUAL. Alpha Financial Partners LLC boosted its holdings in iShares MSCI USA Quality Factor ETF by 903.5% during the third quarter. Alpha Financial Partners LLC now owns 38,674 shares of the company’s stock valued at $6,934,000 after purchasing an additional 34,820 shares in the last quarter. Creative Planning boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 1.6% in the 3rd quarter. Creative Planning now owns 65,886 shares of the company’s stock worth $11,813,000 after acquiring an additional 1,041 shares in the last quarter. Bfsg LLC acquired a new position in shares of iShares MSCI USA Quality Factor ETF in the 3rd quarter worth approximately $93,000. Marshall Financial Group LLC acquired a new position in shares of iShares MSCI USA Quality Factor ETF in the 3rd quarter worth approximately $2,038,000. Finally, TruWealth Advisors LLC boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 7.9% in the 3rd quarter. TruWealth Advisors LLC now owns 22,828 shares of the company’s stock worth $4,093,000 after acquiring an additional 1,664 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of QUAL opened at $185.18 on Friday. The company has a market capitalization of $48.87 billion, a P/E ratio of 23.03 and a beta of 1.03. iShares MSCI USA Quality Factor ETF has a one year low of $71.96 and a one year high of $88.63. The business’s 50 day simple moving average is $181.80 and its 200-day simple moving average is $179.22.

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.