TIAA Trust National Association Sells 60,097 Shares of iShares MSCI USA Quality Factor ETF $QUAL

TIAA Trust National Association reduced its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 15.9% in the fourth quarter, HoldingsChannel reports. The firm owned 317,375 shares of the company’s stock after selling 60,097 shares during the period. TIAA Trust National Association’s holdings in iShares MSCI USA Quality Factor ETF were worth $63,037,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC boosted its position in shares of iShares MSCI USA Quality Factor ETF by 8.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 56,138 shares of the company’s stock valued at $11,150,000 after buying an additional 4,605 shares during the last quarter. Palladiem LLC purchased a new position in iShares MSCI USA Quality Factor ETF in the fourth quarter worth $1,117,000. Nemes Rush Group LLC boosted its position in iShares MSCI USA Quality Factor ETF by 89.2% in the fourth quarter. Nemes Rush Group LLC now owns 227 shares of the company’s stock worth $45,000 after purchasing an additional 107 shares during the last quarter. MCF Advisors LLC raised its stake in shares of iShares MSCI USA Quality Factor ETF by 165.4% in the fourth quarter. MCF Advisors LLC now owns 414 shares of the company’s stock valued at $82,000 after buying an additional 258 shares during the period. Finally, First Command Advisory Services Inc. raised its stake in shares of iShares MSCI USA Quality Factor ETF by 16.5% in the fourth quarter. First Command Advisory Services Inc. now owns 374 shares of the company’s stock valued at $74,000 after buying an additional 53 shares during the period.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of QUAL opened at $213.83 on Tuesday. The firm has a market cap of $62.00 billion, a PE ratio of 25.59 and a beta of 1.05. The stock’s fifty day moving average price is $206.60 and its two-hundred day moving average price is $202.36. iShares MSCI USA Quality Factor ETF has a 1 year low of $175.20 and a 1 year high of $217.65.

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. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.