iShares MSCI USA Quality Factor ETF $QUAL Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 22.3% during the third quarter, Holdings Channel reports. The institutional investor owned 1,238,103 shares of the company’s stock after selling 355,221 shares during the quarter. Bank of New York Mellon Corp’s holdings in iShares MSCI USA Quality Factor ETF were worth $240,811,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its position in iShares MSCI USA Quality Factor ETF by 2.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 32,478,050 shares of the company’s stock worth $5,937,618,000 after purchasing an additional 624,581 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of iShares MSCI USA Quality Factor ETF by 0.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,012,339 shares of the company’s stock valued at $1,281,996,000 after purchasing an additional 50,889 shares during the period. Cerity Partners LLC lifted its stake in shares of iShares MSCI USA Quality Factor ETF by 39.6% in the 2nd quarter. Cerity Partners LLC now owns 3,755,880 shares of the company’s stock valued at $686,910,000 after purchasing an additional 1,065,946 shares during the period. MML Investors Services LLC boosted its holdings in iShares MSCI USA Quality Factor ETF by 1.3% during the second quarter. MML Investors Services LLC now owns 3,454,291 shares of the company’s stock worth $631,514,000 after buying an additional 44,285 shares in the last quarter. Finally, CWM LLC boosted its holdings in iShares MSCI USA Quality Factor ETF by 1.9% during the second quarter. CWM LLC now owns 3,387,135 shares of the company’s stock worth $619,236,000 after buying an additional 64,226 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

QUAL opened at $204.81 on Friday. The company has a fifty day moving average of $200.26 and a two-hundred day moving average of $194.10. The stock has a market capitalization of $59.38 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a fifty-two week low of $148.34 and a fifty-two week high of $187.26.

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.