SouthState Bank Corp Cuts Stock Holdings in iShares MSCI USA Quality Factor ETF $QUAL

SouthState Bank Corp reduced its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 52.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,002 shares of the company’s stock after selling 4,336 shares during the period. SouthState Bank Corp’s holdings in iShares MSCI USA Quality Factor ETF were worth $778,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in QUAL. Hantz Financial Services Inc. purchased a new position in iShares MSCI USA Quality Factor ETF during the 3rd quarter valued at approximately $25,000. Keener Financial Planning LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF during the 2nd quarter worth approximately $29,000. CoreFirst Bank & Trust bought a new position in shares of iShares MSCI USA Quality Factor ETF during the 2nd quarter valued at approximately $33,000. First Horizon Corp purchased a new position in shares of iShares MSCI USA Quality Factor ETF in the third quarter valued at $36,000. Finally, Phillips Financial Management LLC bought a new stake in iShares MSCI USA Quality Factor ETF in the third quarter worth $39,000.

iShares MSCI USA Quality Factor ETF Stock Up 12.8%

iShares MSCI USA Quality Factor ETF stock opened at $199.25 on Friday. iShares MSCI USA Quality Factor ETF has a 52-week low of $148.34 and a 52-week high of $187.26. The firm’s fifty day moving average is $200.90 and its 200 day moving average is $194.73. The company has a market cap of $57.77 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05.

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. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.