Mattern Capital Management LLC Lowers Position in iShares MSCI USA Quality Factor ETF $QUAL

Mattern Capital Management LLC lessened its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 14.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,774 shares of the company’s stock after selling 809 shares during the quarter. Mattern Capital Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $873,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of QUAL. Brighton Jones LLC increased its position in iShares MSCI USA Quality Factor ETF by 25.3% in the fourth quarter. Brighton Jones LLC now owns 10,028 shares of the company’s stock worth $1,786,000 after purchasing an additional 2,023 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in iShares MSCI USA Quality Factor ETF in the fourth quarter worth $81,990,000. Bison Wealth LLC increased its position in iShares MSCI USA Quality Factor ETF by 21.6% in the fourth quarter. Bison Wealth LLC now owns 19,062 shares of the company’s stock worth $3,395,000 after purchasing an additional 3,383 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its position in iShares MSCI USA Quality Factor ETF by 8.0% in the first quarter. Fifth Third Wealth Advisors LLC now owns 1,316 shares of the company’s stock worth $225,000 after purchasing an additional 98 shares during the last quarter. Finally, NBC Securities Inc. increased its position in iShares MSCI USA Quality Factor ETF by 130,450.0% in the first quarter. NBC Securities Inc. now owns 2,611 shares of the company’s stock worth $446,000 after purchasing an additional 2,609 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of QUAL opened at $196.36 on Friday. The company’s fifty day moving average is $189.11 and its 200 day moving average is $179.47. iShares MSCI USA Quality Factor ETF has a fifty-two week low of $148.34 and a fifty-two week high of $187.26. The stock has a market capitalization of $56.93 billion, a PE ratio of 25.59 and a beta of 1.05.

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.