M&T Bank Corp Reduces Stake in iShares MSCI USA Quality Factor ETF $QUAL

M&T Bank Corp trimmed its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 4.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,180,978 shares of the company’s stock after selling 134,667 shares during the period. iShares MSCI USA Quality Factor ETF accounts for 2.1% of M&T Bank Corp’s portfolio, making the stock its 9th biggest position. M&T Bank Corp owned approximately 1.10% of iShares MSCI USA Quality Factor ETF worth $618,700,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in QUAL. Hantz Financial Services Inc. purchased a new stake in shares of iShares MSCI USA Quality Factor ETF in the 3rd quarter worth about $25,000. Financial Life Planners bought a new position in shares of iShares MSCI USA Quality Factor ETF in the 3rd quarter worth about $28,000. CoreFirst Bank & Trust purchased a new position in iShares MSCI USA Quality Factor ETF during the 2nd quarter valued at about $33,000. First Horizon Corp purchased a new position in iShares MSCI USA Quality Factor ETF during the 3rd quarter valued at about $36,000. Finally, Phillips Financial Management LLC bought a new stake in iShares MSCI USA Quality Factor ETF during the third quarter worth about $39,000.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of QUAL opened at $195.15 on Friday. The stock has a market cap of $56.58 billion, a PE ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a fifty-two week low of $148.34 and a fifty-two week high of $205.65. The firm’s 50-day simple moving average is $202.43 and its two-hundred day simple moving average is $197.60.

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.