Avalon Capital Management Has $6.95 Million Holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Avalon Capital Management cut its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 1.6% during the 4th quarter, HoldingsChannel reports. The firm owned 39,038 shares of the company’s stock after selling 651 shares during the period. iShares MSCI USA Quality Factor ETF accounts for about 2.2% of Avalon Capital Management’s investment portfolio, making the stock its 10th biggest holding. Avalon Capital Management’s holdings in iShares MSCI USA Quality Factor ETF were worth $6,952,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of iShares MSCI USA Quality Factor ETF by 7.9% during the third quarter. FMR LLC now owns 15,848,761 shares of the company’s stock valued at $2,841,683,000 after purchasing an additional 1,160,410 shares during the last quarter. LPL Financial LLC increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 6.9% during the third quarter. LPL Financial LLC now owns 14,725,824 shares of the company’s stock valued at $2,640,340,000 after acquiring an additional 950,857 shares in the last quarter. M&T Bank Corp raised its position in shares of iShares MSCI USA Quality Factor ETF by 0.7% in the 3rd quarter. M&T Bank Corp now owns 4,050,192 shares of the company’s stock worth $726,199,000 after purchasing an additional 28,147 shares during the last quarter. MML Investors Services LLC boosted its stake in iShares MSCI USA Quality Factor ETF by 6.3% in the 3rd quarter. MML Investors Services LLC now owns 2,859,647 shares of the company’s stock worth $512,735,000 after purchasing an additional 170,321 shares in the last quarter. Finally, Cerity Partners LLC grew its position in iShares MSCI USA Quality Factor ETF by 7.2% during the 3rd quarter. Cerity Partners LLC now owns 2,583,297 shares of the company’s stock valued at $463,185,000 after purchasing an additional 173,127 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of iShares MSCI USA Quality Factor ETF stock opened at $181.92 on Tuesday. The company has a 50-day simple moving average of $181.78 and a two-hundred day simple moving average of $180.14. iShares MSCI USA Quality Factor ETF has a 52-week low of $71.96 and a 52-week high of $88.63. The stock has a market capitalization of $48.01 billion, a PE ratio of 23.03 and a beta of 1.03.

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.