M&T Bank Corp Lowers Position in iShares MSCI USA Quality Factor ETF $QUAL

M&T Bank Corp trimmed its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 2.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,114,818 shares of the company’s stock after selling 66,160 shares during the quarter. iShares MSCI USA Quality Factor ETF comprises about 2.0% of M&T Bank Corp’s portfolio, making the stock its 11th largest position. M&T Bank Corp’s holdings in iShares MSCI USA Quality Factor ETF were worth $618,665,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. WealthBridge Capital Management LLC grew its stake in iShares MSCI USA Quality Factor ETF by 3.7% during the fourth quarter. WealthBridge Capital Management LLC now owns 1,395 shares of the company’s stock worth $277,000 after buying an additional 50 shares during the period. Almanack Investment Partners LLC. grew its stake in iShares MSCI USA Quality Factor ETF by 0.4% during the third quarter. Almanack Investment Partners LLC. now owns 13,062 shares of the company’s stock worth $2,541,000 after buying an additional 52 shares during the period. Tompkins Financial Corp grew its stake in iShares MSCI USA Quality Factor ETF by 17.8% during the fourth quarter. Tompkins Financial Corp now owns 344 shares of the company’s stock worth $68,000 after buying an additional 52 shares during the period. Members Trust Co grew its stake in iShares MSCI USA Quality Factor ETF by 4.3% during the third quarter. Members Trust Co now owns 1,384 shares of the company’s stock worth $269,000 after buying an additional 57 shares during the period. Finally, NorthCrest Asset Manangement LLC grew its stake in iShares MSCI USA Quality Factor ETF by 4.4% during the third quarter. NorthCrest Asset Manangement LLC now owns 1,375 shares of the company’s stock worth $269,000 after buying an additional 58 shares during the period.

iShares MSCI USA Quality Factor ETF Stock Down 0.0%

QUAL opened at $207.15 on Monday. iShares MSCI USA Quality Factor ETF has a 52-week low of $169.23 and a 52-week high of $208.67. The company has a 50 day moving average of $199.67 and a two-hundred day moving average of $199.27. The company has a market cap of $60.06 billion, a P/E ratio of 25.59 and a beta of 1.05.

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.