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

PNC Financial Services Group Inc. decreased its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 4.8% in the first quarter, HoldingsChannel reports. The firm owned 6,138,151 shares of the company’s stock after selling 307,440 shares during the quarter. iShares MSCI USA Quality Factor ETF accounts for approximately 0.7% of PNC Financial Services Group Inc.’s investment portfolio, making the stock its 23rd largest holding. PNC Financial Services Group Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $1,177,359,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Cassilly Financial Group LLC bought a new stake in iShares MSCI USA Quality Factor ETF in the fourth quarter worth $1,348,000. Liberty Wealth Management LLC lifted its position in iShares MSCI USA Quality Factor ETF by 2.0% during the fourth quarter. Liberty Wealth Management LLC now owns 159,312 shares of the company’s stock valued at $31,622,000 after purchasing an additional 3,188 shares during the last quarter. J.M. Arbour LLC purchased a new position in shares of iShares MSCI USA Quality Factor ETF in the 4th quarter worth $1,681,000. Sound Financial Strategies Group LLC increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 254.3% in the 4th quarter. Sound Financial Strategies Group LLC now owns 19,877 shares of the company’s stock worth $3,948,000 after buying an additional 14,267 shares during the last quarter. Finally, Strategic Point Investment Advisors LLC increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 2.6% in the 4th quarter. Strategic Point Investment Advisors LLC now owns 107,177 shares of the company’s stock worth $21,287,000 after buying an additional 2,738 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Trading Up 0.5%

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

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.