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

PNC Financial Services Group Inc. reduced its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 4.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 6,755,853 shares of the company’s stock after selling 324,936 shares during the period. iShares MSCI USA Quality Factor ETF accounts for 0.8% of PNC Financial Services Group Inc.’s portfolio, making the stock its 17th biggest position. PNC Financial Services Group Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $1,314,013,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of QUAL. Gallagher Fiduciary Advisors LLC lifted its holdings in shares of iShares MSCI USA Quality Factor ETF by 13,080.9% during the second quarter. Gallagher Fiduciary Advisors LLC now owns 2,481,960 shares of the company’s stock worth $453,752,000 after purchasing an additional 2,463,130 shares during the period. Soundwatch Capital LLC raised its position in iShares MSCI USA Quality Factor ETF by 72,284.9% during the 2nd quarter. Soundwatch Capital LLC now owns 2,437,924 shares of the company’s stock worth $445,701,000 after buying an additional 2,434,556 shares during the last quarter. Symphony Financial Ltd. Co. lifted its stake in shares of iShares MSCI USA Quality Factor ETF by 4,818.8% in the 2nd quarter. Symphony Financial Ltd. Co. now owns 1,716,464 shares of the company’s stock worth $313,849,000 after acquiring an additional 1,681,568 shares during the period. Charles Schwab Investment Management Inc. acquired a new stake in shares of iShares MSCI USA Quality Factor ETF in the 2nd quarter worth $305,974,000. Finally, Cerity Partners LLC boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 39.6% in the second quarter. Cerity Partners LLC now owns 3,755,880 shares of the company’s stock valued at $686,910,000 after acquiring an additional 1,065,946 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Stock Up 0.5%

Shares of iShares MSCI USA Quality Factor ETF stock opened at $201.75 on Friday. The firm has a market cap of $58.50 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 52-week low of $148.34 and a 52-week high of $205.48. The company’s 50-day simple moving average is $201.41 and its 200-day simple moving average is $195.50.

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. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.