Money Concepts Capital Corp Reduces Stake in iShares MSCI ETF

Money Concepts Capital Corp has significantly reduced its holdings in the iShares MSCI USA Quality Factor ETF (BATS: QUAL) by 61.4% during the third quarter of 2023. According to a report from Holdings Channel, the firm sold 15,674 shares, leaving it with 9,852 shares valued at approximately $1.92 million as per its latest filing with the Securities and Exchange Commission (SEC).

A variety of institutional investors have also adjusted their positions in the QUAL ETF. Notably, Keener Financial Planning LLC acquired a new stake in the ETF during the second quarter, investing around $29,000. Similarly, CoreFirst Bank & Trust purchased shares valued at $33,000 during the same period. In the third quarter, First Horizon Corp, Phillips Financial Management LLC, and Legacy Investment Solutions LLC made new investments in QUAL, contributing $36,000, $39,000, and $40,000 respectively.

Recent Performance of iShares MSCI USA Quality Factor ETF

As of Tuesday, shares of the iShares MSCI USA Quality Factor ETF opened at $203.69. The ETF boasts a market capitalization of approximately $59.06 billion, a price-to-earnings (P/E) ratio of 25.59, and a beta of 1.05. Over the past year, the ETF has experienced a low of $148.34 and a high of $187.26. Its fifty-day and two-hundred-day moving averages stand at $200.67 and $194.52 respectively.

The iShares MSCI USA Quality Factor ETF was launched on July 18, 2013, and is managed by BlackRock. This exchange-traded fund tracks an index composed of large- and mid-cap US stocks, selected based on criteria such as high return on equity (ROE), stable earnings growth, and a low debt-to-equity ratio compared to peers within each sector.

For those interested in monitoring the latest developments concerning the iShares MSCI USA Quality Factor ETF, Holdings Channel provides access to recent 13F filings and insider trades. Subscribers can also receive daily summaries of news and analyst ratings related to the ETF through MarketBeat’s free newsletter.