First Hawaiian Bank Lowers Stock Holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

First Hawaiian Bank trimmed its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 1.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,228 shares of the company’s stock after selling 125 shares during the quarter. First Hawaiian Bank’s holdings in iShares MSCI USA Quality Factor ETF were worth $2,090,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of QUAL. LPL Financial LLC lifted its holdings in shares of iShares MSCI USA Quality Factor ETF by 14.5% in the fourth quarter. LPL Financial LLC now owns 16,867,820 shares of the company’s stock worth $3,003,821,000 after buying an additional 2,141,996 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter worth about $349,393,000. Raymond James Financial Inc. purchased a new stake in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter worth about $331,412,000. JPMorgan Chase & Co. lifted its holdings in shares of iShares MSCI USA Quality Factor ETF by 14.6% in the fourth quarter. JPMorgan Chase & Co. now owns 6,580,546 shares of the company’s stock worth $1,171,864,000 after buying an additional 837,887 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of iShares MSCI USA Quality Factor ETF by 2.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 29,141,751 shares of the company’s stock worth $5,189,563,000 after buying an additional 596,515 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of QUAL opened at $176.88 on Friday. The firm’s 50 day simple moving average is $169.07 and its 200 day simple moving average is $176.89. The company has a market capitalization of $50.68 billion, a P/E ratio of 25.81 and a beta of 1.06. iShares MSCI USA Quality Factor ETF has a 1-year low of $148.34 and a 1-year high of $187.26.

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.