Fulton Bank N.A. Takes Position in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Fulton Bank N.A. bought a new stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,382 shares of the company’s stock, valued at approximately $407,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its position in shares of iShares MSCI USA Quality Factor ETF by 2.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 26,751,547 shares of the company’s stock valued at $3,936,223,000 after buying an additional 744,380 shares during the last quarter. UBS Group AG boosted its position in iShares MSCI USA Quality Factor ETF by 4.9% during the fourth quarter. UBS Group AG now owns 4,276,029 shares of the company’s stock worth $629,175,000 after purchasing an additional 200,655 shares during the period. Wells Fargo & Company MN boosted its position in iShares MSCI USA Quality Factor ETF by 30.0% during the fourth quarter. Wells Fargo & Company MN now owns 3,886,985 shares of the company’s stock worth $571,931,000 after purchasing an additional 897,256 shares during the period. M&T Bank Corp increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 1.7% in the fourth quarter. M&T Bank Corp now owns 3,665,986 shares of the company’s stock valued at $539,416,000 after purchasing an additional 59,771 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of iShares MSCI USA Quality Factor ETF by 4.2% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,934,135 shares of the company’s stock valued at $482,225,000 after purchasing an additional 117,940 shares during the period.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of QUAL stock traded up $1.75 during midday trading on Wednesday, hitting $164.39. 1,777,773 shares of the company were exchanged. iShares MSCI USA Quality Factor ETF has a 52 week low of $71.96 and a 52 week high of $88.63. The firm has a market capitalization of $43.38 billion, a P/E ratio of 23.03 and a beta of 1.03. The firm’s 50 day moving average price is $170.50 and its two-hundred day moving average price is $163.68.

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.