Cadence Bank Sells 160 Shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Cadence Bank decreased its holdings in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 9.1% during the 4th quarter, Holdings Channel reports. The firm owned 1,596 shares of the company’s stock after selling 160 shares during the quarter. Cadence Bank’s holdings in iShares MSCI USA Quality Factor ETF were worth $284,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. LPL Financial LLC boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 14.5% during the 4th quarter. LPL Financial LLC now owns 16,867,820 shares of the company’s stock worth $3,003,821,000 after buying an additional 2,141,996 shares in the last quarter. Raymond James Financial Inc. bought a new position in iShares MSCI USA Quality Factor ETF during the fourth quarter worth $331,412,000. JPMorgan Chase & Co. grew its holdings in iShares MSCI USA Quality Factor ETF by 14.6% in the fourth quarter. JPMorgan Chase & Co. now owns 6,580,546 shares of the company’s stock worth $1,171,864,000 after purchasing an additional 837,887 shares during the period. Envestnet Asset Management Inc. increased its stake in iShares MSCI USA Quality Factor ETF by 2.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 29,141,751 shares of the company’s stock valued at $5,189,563,000 after purchasing an additional 596,515 shares in the last quarter. Finally, Strategic Financial Concepts LLC raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 18,801.7% during the fourth quarter. Strategic Financial Concepts LLC now owns 522,633 shares of the company’s stock valued at $93,070,000 after purchasing an additional 519,868 shares during the period.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of QUAL opened at $161.38 on Friday. iShares MSCI USA Quality Factor ETF has a one year low of $148.34 and a one year high of $187.26. The company has a market cap of $45.73 billion, a PE ratio of 26.25 and a beta of 1.05. The stock has a 50-day moving average of $172.42 and a 200-day moving average of $178.47.

About iShares MSCI USA Quality Factor ETF

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.