SouthState Bank Corp Reduces Stock Holdings in iShares MSCI USA Quality Factor ETF $QUAL

SouthState Bank Corp lowered its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 52.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,002 shares of the company’s stock after selling 4,336 shares during the quarter. SouthState Bank Corp’s holdings in iShares MSCI USA Quality Factor ETF were worth $778,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Almanack Investment Partners LLC. lifted its holdings in shares of iShares MSCI USA Quality Factor ETF by 0.4% in the 3rd quarter. Almanack Investment Partners LLC. now owns 13,062 shares of the company’s stock worth $2,541,000 after acquiring an additional 52 shares during the last quarter. Galvin Gaustad & Stein LLC raised its position in iShares MSCI USA Quality Factor ETF by 2.6% in the 2nd quarter. Galvin Gaustad & Stein LLC now owns 2,095 shares of the company’s stock worth $383,000 after purchasing an additional 54 shares during the period. Cape Investment Advisory Inc. raised its position in iShares MSCI USA Quality Factor ETF by 2.3% in the 2nd quarter. Cape Investment Advisory Inc. now owns 2,517 shares of the company’s stock worth $460,000 after purchasing an additional 57 shares during the period. Atlas Brown Inc. lifted its stake in iShares MSCI USA Quality Factor ETF by 2.0% in the third quarter. Atlas Brown Inc. now owns 2,889 shares of the company’s stock worth $562,000 after purchasing an additional 57 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC boosted its position in shares of iShares MSCI USA Quality Factor ETF by 4.4% during the third quarter. NorthCrest Asset Manangement LLC now owns 1,375 shares of the company’s stock valued at $269,000 after buying an additional 58 shares during the period.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of BATS QUAL opened at $199.25 on Friday. The business’s 50 day moving average price is $200.90 and its 200-day moving average price is $194.73. iShares MSCI USA Quality Factor ETF has a fifty-two week low of $148.34 and a fifty-two week high of $187.26. The company has a market cap of $57.77 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05.

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.