PNC Financial Services Group Inc. Trims Stake in iShares MSCI USA Quality Factor ETF $QUAL

PNC Financial Services Group Inc. lessened its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 4.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,755,853 shares of the company’s stock after selling 324,936 shares during the period. iShares MSCI USA Quality Factor ETF makes up 0.8% of PNC Financial Services Group Inc.’s investment portfolio, making the stock its 17th largest position. PNC Financial Services Group Inc. owned 2.33% of iShares MSCI USA Quality Factor ETF worth $1,314,013,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QUAL. Hantz Financial Services Inc. acquired a new stake in shares of iShares MSCI USA Quality Factor ETF during the third quarter valued at about $25,000. CoreFirst Bank & Trust purchased a new position in shares of iShares MSCI USA Quality Factor ETF in the 2nd quarter valued at about $33,000. First Horizon Corp acquired a new position in iShares MSCI USA Quality Factor ETF during the 3rd quarter worth approximately $36,000. Phillips Financial Management LLC purchased a new position in iShares MSCI USA Quality Factor ETF in the third quarter valued at $39,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of iShares MSCI USA Quality Factor ETF in the 2nd quarter valued at about $40,000.

iShares MSCI USA Quality Factor ETF Trading Up 0.5%

QUAL stock opened at $201.75 on Friday. iShares MSCI USA Quality Factor ETF has a twelve month low of $148.34 and a twelve month high of $205.48. The stock has a market cap of $58.50 billion, a P/E ratio of 25.59 and a beta of 1.05. The company’s 50 day moving average is $201.41 and its two-hundred day moving average is $195.50.

iShares MSCI USA Quality Factor ETF Company 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. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.