PNC Financial Services Group Inc. Has $1.29 Billion Stock Position in iShares MSCI USA Quality Factor ETF $QUAL

PNC Financial Services Group Inc. reduced its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 3.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,080,789 shares of the company’s stock after selling 215,735 shares during the quarter. iShares MSCI USA Quality Factor ETF makes up about 0.8% of PNC Financial Services Group Inc.’s portfolio, making the stock its 18th largest position. PNC Financial Services Group Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $1,294,510,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of QUAL. BNP Paribas Financial Markets lifted its stake in shares of iShares MSCI USA Quality Factor ETF by 3,606,710.7% in the 1st quarter. BNP Paribas Financial Markets now owns 2,705,108 shares of the company’s stock valued at $462,276,000 after purchasing an additional 2,705,033 shares during the period. LPL Financial LLC lifted its stake in iShares MSCI USA Quality Factor ETF by 7.8% in the first quarter. LPL Financial LLC now owns 18,186,643 shares of the company’s stock valued at $3,107,915,000 after buying an additional 1,318,823 shares during the period. Focus Partners Wealth lifted its stake in iShares MSCI USA Quality Factor ETF by 213.6% in the first quarter. Focus Partners Wealth now owns 1,891,522 shares of the company’s stock valued at $323,242,000 after buying an additional 1,288,398 shares during the period. Liberty Wealth Management LLC boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 995.9% during the 1st quarter. Liberty Wealth Management LLC now owns 1,312,382 shares of the company’s stock worth $224,273,000 after buying an additional 1,192,632 shares in the last quarter. Finally, Orgel Wealth Management LLC grew its position in shares of iShares MSCI USA Quality Factor ETF by 56.8% during the 2nd quarter. Orgel Wealth Management LLC now owns 2,954,525 shares of the company’s stock worth $540,146,000 after buying an additional 1,070,608 shares during the period.

iShares MSCI USA Quality Factor ETF Stock Up 11.2%

iShares MSCI USA Quality Factor ETF stock opened at $196.40 on Wednesday. The company has a market capitalization of $56.95 billion, a PE ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 12-month low of $148.34 and a 12-month high of $187.26. The firm’s fifty day moving average is $193.85 and its 200 day moving average is $185.66.

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.