Norway Savings Bank Cuts Stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Norway Savings Bank decreased its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 1.1% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,165 shares of the company’s stock after selling 218 shares during the period. iShares MSCI USA Quality Factor ETF makes up about 1.5% of Norway Savings Bank’s holdings, making the stock its 19th biggest holding. Norway Savings Bank’s holdings in iShares MSCI USA Quality Factor ETF were worth $2,720,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Capital Investment Advisors LLC purchased a new stake in iShares MSCI USA Quality Factor ETF during the 2nd quarter valued at $234,000. Kathmere Capital Management LLC boosted its position in iShares MSCI USA Quality Factor ETF by 1.0% during the 2nd quarter. Kathmere Capital Management LLC now owns 204,654 shares of the company’s stock valued at $27,602,000 after buying an additional 1,983 shares during the period. Good Life Advisors LLC purchased a new stake in iShares MSCI USA Quality Factor ETF during the 2nd quarter valued at $2,418,000. Level Four Advisory Services LLC purchased a new stake in iShares MSCI USA Quality Factor ETF during the 2nd quarter valued at $570,000. Finally, Foster Group Inc. boosted its position in iShares MSCI USA Quality Factor ETF by 4.0% during the 2nd quarter. Foster Group Inc. now owns 202,016 shares of the company’s stock valued at $27,246,000 after buying an additional 7,836 shares during the period.

iShares MSCI USA Quality Factor ETF Price Performance

QUAL traded down $2.10 during trading on Friday, hitting $136.07. 1,002,897 shares of the stock traded hands. The firm has a market capitalization of $30.77 billion, a P/E ratio of 16.30 and a beta of 1.03. The firm has a 50-day moving average of $137.48 and a 200 day moving average of $129.87. 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.