PFM Asset Management’s iShares MSCI USA Quality Factor ETF QUAL Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2021 Q3	$25.9M	Sell	196,460 -8,368	-4%	-$1.15M	0.48%	9
2021 Q2	$27.2M	Sell	204,828 -6,131	-3%	-$786K	0.6%	9
2021 Q1	$25.7M	Sell	210,959 -4,407	-2%	-$521K	0.62%	9
2020 Q4	$25M	Sell	215,366 -4,075	-2%	-$449K	0.62%	9
2020 Q3	$22.8M	Buy	219,441 +15,539	+8%	+$1.59M	0.81%	9
2020 Q2	$19.6M	Hold	203,902	–	–	0.93%	12
2020 Q1	$16.5M	Buy	203,902 +11,237	+6%	+$1.07M	1.5%	7
2019 Q4	$19.5M	Sell	192,665 -3,659	-2%	-$352K	4.36%	5
2019 Q3	$18.1M	Sell	196,324 -284,626	-59%	-$26.2M	2.77%	7
2019 Q2	$44M	Sell	480,950 -54,026	-10%	-$4.86M	10.88%	3
2019 Q1	$47.4M	Sell	534,976 -806,043	-60%	-$67.8M	11.94%	3
2018 Q4	$103M	Buy	+1,341,019	New	+$111M	34.57%	1