Principal Financial Group Inc. Has $914,000 Holdings in iShares MSCI USA Quality Factor ETF $QUAL

Principal Financial Group Inc. trimmed its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 72.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,701 shares of the company’s stock after selling 12,291 shares during the period. Principal Financial Group Inc.’s holdings in iShares MSCI USA Quality Factor ETF were worth $914,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. CoreFirst Bank & Trust bought a new stake in shares of iShares MSCI USA Quality Factor ETF in the second quarter valued at about $33,000. First Horizon Corp acquired a new stake in iShares MSCI USA Quality Factor ETF in the 3rd quarter valued at approximately $36,000. Phillips Financial Management LLC acquired a new stake in iShares MSCI USA Quality Factor ETF in the 3rd quarter valued at approximately $39,000. Legacy Investment Solutions LLC bought a new stake in iShares MSCI USA Quality Factor ETF in the 2nd quarter valued at approximately $40,000. Finally, Total Investment Management Inc. acquired a new position in iShares MSCI USA Quality Factor ETF during the 2nd quarter worth approximately $42,000.

iShares MSCI USA Quality Factor ETF Stock Up 0.6%

Shares of QUAL opened at $203.49 on Thursday. The stock has a market capitalization of $59.00 billion, a P/E ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a twelve month low of $148.34 and a twelve month high of $205.48. The company has a 50 day moving average of $201.64 and a 200-day moving average of $195.89.

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.