PNC Financial Services Group Inc. Sells 307,440 Shares of iShares MSCI USA Quality Factor ETF $QUAL

PNC Financial Services Group Inc. cut its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 4.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,138,151 shares of the company’s stock after selling 307,440 shares during the period. iShares MSCI USA Quality Factor ETF comprises 0.7% of PNC Financial Services Group Inc.’s portfolio, making the stock its 23rd largest holding. PNC Financial Services Group Inc. owned approximately 2.12% of iShares MSCI USA Quality Factor ETF worth $1,177,359,000 at the end of the most recent reporting period.

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

iShares MSCI USA Quality Factor ETF Trading Up 0.5%

BATS QUAL opened at $218.13 on Wednesday. The stock’s 50 day moving average is $215.77 and its 200 day moving average is $206.49. iShares MSCI USA Quality Factor ETF has a 12 month low of $181.65 and a 12 month high of $221.16. The stock has a market cap of $63.25 billion, a PE ratio of 25.59 and a beta of 1.05.

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.