JPMorgan Chase & Co. Trims Stake in iShares MSCI USA Quality Factor ETF $QUAL

JPMorgan Chase & Co. lessened its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 9.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,381,913 shares of the company’s stock after selling 630,426 shares during the quarter. JPMorgan Chase & Co.’s holdings in iShares MSCI USA Quality Factor ETF were worth $1,241,282,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Hantz Financial Services Inc. acquired a new stake in shares of iShares MSCI USA Quality Factor ETF during the third quarter valued at $25,000. CoreFirst Bank & Trust purchased a new position in iShares MSCI USA Quality Factor ETF in the 2nd quarter valued at about $33,000. First Horizon Corp acquired a new stake in shares of iShares MSCI USA Quality Factor ETF during the 3rd quarter worth about $36,000. Phillips Financial Management LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF during the third quarter worth about $39,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF during the second quarter worth about $40,000.

iShares MSCI USA Quality Factor ETF Price Performance

BATS:QUAL opened at $201.75 on Tuesday. The firm has a market cap of $58.50 billion, a PE ratio of 25.59 and a beta of 1.05. The firm has a 50 day simple moving average of $201.48 and a 200-day simple moving average of $195.70. iShares MSCI USA Quality Factor ETF has a 1-year low of $148.34 and a 1-year high of $205.48.

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.