Centerpoint Advisors LLC Has $22.97 Million Stock Position in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Centerpoint Advisors LLC lowered its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,962 shares of the company’s stock after selling 7,064 shares during the quarter. iShares MSCI USA Quality Factor ETF comprises 8.0% of Centerpoint Advisors LLC’s holdings, making the stock its 2nd largest holding. Centerpoint Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $22,966,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Financial Life Planners acquired a new position in shares of iShares MSCI USA Quality Factor ETF during the fourth quarter worth $25,000. Barrett & Company Inc. purchased a new position in iShares MSCI USA Quality Factor ETF during the 3rd quarter worth $27,000. Voisard Asset Management Group Inc. acquired a new position in iShares MSCI USA Quality Factor ETF during the 3rd quarter valued at about $27,000. OLD Second National Bank of Aurora purchased a new stake in iShares MSCI USA Quality Factor ETF in the third quarter valued at about $27,000. Finally, Centennial Bank AR acquired a new stake in iShares MSCI USA Quality Factor ETF in the third quarter worth about $29,000.

iShares MSCI USA Quality Factor ETF Stock Up 4.8 %

QUAL opened at $185.18 on Tuesday. The company has a market cap of $48.87 billion, a P/E ratio of 23.03 and a beta of 1.03. The firm’s 50-day moving average price is $181.79 and its 200-day moving average price is $179.46. iShares MSCI USA Quality Factor ETF has a 52-week low of $71.96 and a 52-week 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.