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

PNC Financial Services Group Inc. cut its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 4.6% during the 4th quarter, Holdings Channel.com reports. The fund 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 portfolio, making the stock its 17th biggest position. PNC Financial Services Group Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $1,280,223,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Tortoise Investment Management LLC grew its stake in shares of iShares MSCI USA Quality Factor ETF by 7.2% in the 4th quarter. Tortoise Investment Management LLC now owns 16,419 shares of the company’s stock worth $3,261,000 after acquiring an additional 1,100 shares in the last quarter. Frisch Financial Group Inc. raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 38.2% in the fourth quarter. Frisch Financial Group Inc. now owns 17,226 shares of the company’s stock valued at $3,421,000 after purchasing an additional 4,759 shares during the last quarter. Gambit Capital Management LLC bought a new position in shares of iShares MSCI USA Quality Factor ETF during the fourth quarter valued at about $4,884,000. Lutz Financial Services LLC boosted its holdings in iShares MSCI USA Quality Factor ETF by 5.7% during the fourth quarter. Lutz Financial Services LLC now owns 77,301 shares of the company’s stock worth $15,354,000 after purchasing an additional 4,154 shares during the last quarter. Finally, Entrust Financial LLC purchased a new position in iShares MSCI USA Quality Factor ETF during the fourth quarter worth about $1,290,000.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of QUAL stock opened at $209.55 on Wednesday. The company has a market capitalization of $60.76 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 $173.00 and a 52-week high of $212.78. The company has a 50-day simple moving average of $201.19 and a two-hundred day simple moving average of $200.38.

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