Truist Financial Corp Sells 12,543 Shares of iShares MSCI USA Quality Factor ETF $QUAL

Truist Financial Corp lowered its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 3.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 358,984 shares of the company’s stock after selling 12,543 shares during the quarter. Truist Financial Corp owned 0.12% of iShares MSCI USA Quality Factor ETF worth $65,630,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Cullen Frost Bankers Inc. raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 84.2% in the 1st quarter. Cullen Frost Bankers Inc. now owns 175 shares of the company’s stock worth $30,000 after purchasing an additional 80 shares during the period. CX Institutional raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 151.9% in the 2nd quarter. CX Institutional now owns 204 shares of the company’s stock worth $37,000 after purchasing an additional 123 shares during the period. Legacy Wealth Managment LLC ID bought a new stake in shares of iShares MSCI USA Quality Factor ETF in the 1st quarter worth approximately $37,000. BankPlus Trust Department raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 58.4% in the 1st quarter. BankPlus Trust Department now owns 244 shares of the company’s stock worth $42,000 after purchasing an additional 90 shares during the period. Finally, Cheviot Value Management LLC bought a new stake in shares of iShares MSCI USA Quality Factor ETF in the 1st quarter worth approximately $43,000.

iShares MSCI USA Quality Factor ETF Trading Up 10.9%

BATS:QUAL opened at $195.93 on Thursday. The stock has a market capitalization of $56.81 billion, a PE ratio of 25.59 and a beta of 1.05. The firm’s 50 day moving average is $188.91 and its 200 day moving average is $179.35. iShares MSCI USA Quality Factor ETF has a 12 month low of $148.34 and a 12 month high of $187.26.

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.