PNC Financial Services Group Inc. Sells 310,262 Shares of iShares MSCI USA Quality Factor ETF $QUAL

PNC Financial Services Group Inc. lowered its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 4.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,445,591 shares of the company’s stock after selling 310,262 shares during the period. iShares MSCI USA Quality Factor ETF accounts for about 0.7% of PNC Financial Services Group Inc.’s holdings, making the stock its 17th biggest position. PNC Financial Services Group Inc. owned approximately 2.22% of iShares MSCI USA Quality Factor ETF worth $1,280,223,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in iShares MSCI USA Quality Factor ETF by 25.3% in the 4th quarter. Brighton Jones LLC now owns 10,028 shares of the company’s stock valued at $1,786,000 after purchasing an additional 2,023 shares during the period. Heck Capital Advisors LLC acquired a new position in iShares MSCI USA Quality Factor ETF during the fourth quarter worth $81,990,000. Bison Wealth LLC raised its holdings in iShares MSCI USA Quality Factor ETF by 21.6% during the fourth quarter. Bison Wealth LLC now owns 19,062 shares of the company’s stock worth $3,395,000 after buying an additional 3,383 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of iShares MSCI USA Quality Factor ETF by 45.5% in the first quarter. AQR Capital Management LLC now owns 19,681 shares of the company’s stock valued at $3,363,000 after buying an additional 6,152 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of iShares MSCI USA Quality Factor ETF by 88.9% in the first quarter. Goldman Sachs Group Inc. now owns 132,198 shares of the company’s stock valued at $22,591,000 after buying an additional 62,219 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of BATS QUAL opened at $209.55 on Wednesday. The company has a 50-day moving average price of $201.19 and a 200-day moving average price of $200.38. The stock has a market capitalization of $60.76 billion, a P/E ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 1 year low of $173.00 and a 1 year high of $212.78.

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.