Mattern Capital Management LLC Sells 527 Shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Mattern Capital Management LLC trimmed its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 4.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 11,192 shares of the company’s stock after selling 527 shares during the period. Mattern Capital Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $1,911,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of QUAL. Envestnet Asset Management Inc. raised its position in iShares MSCI USA Quality Factor ETF by 2.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 26,751,547 shares of the company’s stock valued at $3,936,223,000 after purchasing an additional 744,380 shares during the last quarter. UBS Group AG raised its holdings in iShares MSCI USA Quality Factor ETF by 4.9% in the 4th quarter. UBS Group AG now owns 4,276,029 shares of the company’s stock valued at $629,175,000 after buying an additional 200,655 shares during the last quarter. Wells Fargo & Company MN raised its holdings in iShares MSCI USA Quality Factor ETF by 30.0% in the 4th quarter. Wells Fargo & Company MN now owns 3,886,985 shares of the company’s stock valued at $571,931,000 after buying an additional 897,256 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in iShares MSCI USA Quality Factor ETF by 5.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,106,475 shares of the company’s stock worth $530,462,000 after buying an additional 172,340 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in iShares MSCI USA Quality Factor ETF by 3.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,372,410 shares of the company’s stock worth $405,113,000 after acquiring an additional 73,653 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of BATS QUAL opened at $173.77 on Thursday. The firm has a 50 day moving average price of $172.25 and a two-hundred day moving average price of $166.45. The stock has a market cap of $45.86 billion, a P/E ratio of 23.03 and a beta of 1.03. iShares MSCI USA Quality Factor ETF has a 52-week low of $71.96 and a 52-week high of $88.63.

About iShares MSCI USA Quality Factor ETF

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.