NBT Bank N.A. Makes New Investment in iShares MSCI USA Quality Factor ETF $QUAL

NBT Bank N.A. purchased a new stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 2,529 shares of the company’s stock, valued at approximately $562,000.

A number of other hedge funds also recently bought and sold shares of the company. Bank of America Corp DE increased its stake in shares of iShares MSCI USA Quality Factor ETF by 36.9% in the first quarter. Bank of America Corp DE now owns 8,741,641 shares of the company’s stock worth $1,676,734,000 after purchasing an additional 2,357,971 shares during the period. Orgel Wealth Management LLC lifted its position in shares of iShares MSCI USA Quality Factor ETF by 2.0% during the 2nd quarter. Orgel Wealth Management LLC now owns 3,358,210 shares of the company’s stock worth $736,892,000 after purchasing an additional 65,534 shares during the last quarter. Facet Wealth Inc. boosted its stake in iShares MSCI USA Quality Factor ETF by 11.3% during the 2nd quarter. Facet Wealth Inc. now owns 3,300,180 shares of the company’s stock valued at $724,159,000 after purchasing an additional 334,234 shares during the period. Royal Bank of Canada boosted its stake in iShares MSCI USA Quality Factor ETF by 2.9% during the 1st quarter. Royal Bank of Canada now owns 1,777,079 shares of the company’s stock valued at $340,861,000 after purchasing an additional 49,616 shares during the period. Finally, Cetera Investment Advisers boosted its stake in iShares MSCI USA Quality Factor ETF by 2.9% during the 1st quarter. Cetera Investment Advisers now owns 1,574,045 shares of the company’s stock valued at $301,918,000 after purchasing an additional 43,742 shares during the period.

iShares MSCI USA Quality Factor ETF Stock Down 0.8%

QUAL opened at $222.82 on Friday. The firm has a market capitalization of $64.61 billion, a P/E ratio of 25.59 and a beta of 1.05. The stock’s 50 day moving average price is $223.28 and its two-hundred day moving average price is $217.26. iShares MSCI USA Quality Factor ETF has a 12-month low of $185.88 and a 12-month high of $228.13.

iShares MSCI USA Quality Factor ETF’s stock is set to split on the morning of Thursday, November 5th. The 4-1 split was recently announced. The newly issued shares will be payable to shareholders after the market closes on Wednesday, November 4th.

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.