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

Truist Financial Corp decreased its holdings in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 3.4% during the second quarter, HoldingsChannel reports. The fund owned 358,984 shares of the company’s stock after selling 12,543 shares during the quarter. Truist Financial Corp’s holdings in iShares MSCI USA Quality Factor ETF were worth $65,630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Lockerman Financial Group Inc. raised its holdings in iShares MSCI USA Quality Factor ETF by 18.8% during the 2nd quarter. Lockerman Financial Group Inc. now owns 2,218 shares of the company’s stock valued at $406,000 after acquiring an additional 351 shares during the period. BCU Wealth Advisors LLC raised its holdings in iShares MSCI USA Quality Factor ETF by 19.1% during the 2nd quarter. BCU Wealth Advisors LLC now owns 18,175 shares of the company’s stock valued at $3,323,000 after acquiring an additional 2,917 shares during the period. MBA Advisors LLC bought a new stake in iShares MSCI USA Quality Factor ETF during the 2nd quarter valued at $264,000. One Wealth Advisors LLC raised its holdings in iShares MSCI USA Quality Factor ETF by 3.7% during the 2nd quarter. One Wealth Advisors LLC now owns 152,203 shares of the company’s stock valued at $27,826,000 after acquiring an additional 5,474 shares during the period. Finally, Mattern Wealth Management LLC raised its holdings in iShares MSCI USA Quality Factor ETF by 4.9% during the 2nd quarter. Mattern Wealth Management LLC now owns 9,516 shares of the company’s stock valued at $1,740,000 after acquiring an additional 445 shares during the period.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of QUAL stock opened at $195.93 on Thursday. The company’s fifty day simple moving average is $188.91 and its two-hundred day simple moving average is $179.35. iShares MSCI USA Quality Factor ETF has a 1 year low of $148.34 and a 1 year high of $187.26. The stock has a market capitalization of $56.81 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05.

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.