iShares MSCI USA Quality Factor ETF $QUAL Stock: Fifth Third Bancorp Cuts Holdings

Fifth Third Bancorp lessened its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 9.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 112,496 shares of the company’s stock after selling 11,557 shares during the quarter. Fifth Third Bancorp’s holdings in iShares MSCI USA Quality Factor ETF were worth $25,001,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Sawyer & Company Inc acquired a new stake in shares of iShares MSCI USA Quality Factor ETF in the 3rd quarter valued at $28,000. Kings Path Partners LLC bought a new position in iShares MSCI USA Quality Factor ETF during the third quarter valued at about $33,000. Strive Financial Group LLC boosted its stake in iShares MSCI USA Quality Factor ETF by 1,730.0% during the second quarter. Strive Financial Group LLC now owns 183 shares of the company’s stock worth $40,000 after buying an additional 173 shares in the last quarter. First Community Trust NA acquired a new position in iShares MSCI USA Quality Factor ETF in the third quarter worth about $40,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in iShares MSCI USA Quality Factor ETF during the first quarter worth $45,000.

iShares MSCI USA Quality Factor ETF Trading Down 0.1%

Shares of iShares MSCI USA Quality Factor ETF stock opened at $56.02 on Friday. The firm’s 50-day moving average price is $55.81 and its two-hundred day moving average price is $53.39. iShares MSCI USA Quality Factor ETF has a 1-year low of $46.47 and a 1-year high of $57.03. The stock has a market capitalization of $48.56 billion, a price-to-earnings ratio of 25.60 and a beta of 1.00.

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.