Truist Financial Corp Decreases Stake in iShares MSCI USA Quality Factor ETF $QUAL

Truist Financial Corp lessened its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 26.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 263,421 shares of the company’s stock after selling 95,563 shares during the quarter. Truist Financial Corp’s holdings in iShares MSCI USA Quality Factor ETF were worth $51,235,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Keener Financial Planning LLC purchased a new position in shares of iShares MSCI USA Quality Factor ETF in the second quarter valued at about $29,000. CoreFirst Bank & Trust purchased a new position in iShares MSCI USA Quality Factor ETF during the 2nd quarter valued at about $33,000. First Horizon Corp bought a new position in iShares MSCI USA Quality Factor ETF during the 3rd quarter valued at approximately $36,000. Phillips Financial Management LLC purchased a new stake in iShares MSCI USA Quality Factor ETF in the 3rd quarter worth approximately $39,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of iShares MSCI USA Quality Factor ETF in the 2nd quarter worth approximately $40,000.

iShares MSCI USA Quality Factor ETF Stock Performance

QUAL opened at $204.81 on Friday. The stock has a market capitalization of $59.38 billion, a PE ratio of 25.59 and a beta of 1.05. The stock’s 50 day moving average price is $200.26 and its 200-day moving average price is $194.10. iShares MSCI USA Quality Factor ETF has a 52-week low of $148.34 and a 52-week high of $187.26.

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