iShares MSCI USA Quality Factor ETF (BATS:QUAL) Hits New 1-Year High – Still a Buy?

iShares MSCI USA Quality Factor ETF (BATS:QUAL)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $181.43 and last traded at $180.10, with a volume of 566136 shares traded. The stock had previously closed at $179.76.

iShares MSCI USA Quality Factor ETF Stock Up 0.2 %

The firm has a 50-day moving average price of $177.94 and a 200 day moving average price of $170.86. The firm has a market capitalization of $47.53 billion, a PE ratio of 23.03 and a beta of 1.03.

Hedge Funds Weigh In On iShares MSCI USA Quality Factor ETF

Several institutional investors have recently bought and sold shares of the company. Provident Investment Management Inc. grew its holdings in shares of iShares MSCI USA Quality Factor ETF by 5.8% in the second quarter. Provident Investment Management Inc. now owns 11,142 shares of the company’s stock valued at $1,903,000 after purchasing an additional 614 shares in the last quarter. Annandale Capital LLC grew its stake in shares of iShares MSCI USA Quality Factor ETF by 1.4% in the second quarter. Annandale Capital LLC now owns 26,500 shares of the company’s stock worth $4,525,000 after acquiring an additional 363 shares in the last quarter. Calamos Wealth Management LLC increased its position in shares of iShares MSCI USA Quality Factor ETF by 26.8% during the second quarter. Calamos Wealth Management LLC now owns 1,727 shares of the company’s stock worth $295,000 after acquiring an additional 365 shares during the period. Crestwood Advisors Group LLC increased its position in shares of iShares MSCI USA Quality Factor ETF by 103.2% during the second quarter. Crestwood Advisors Group LLC now owns 23,057 shares of the company’s stock worth $3,937,000 after acquiring an additional 11,711 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its stake 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 acquiring an additional 117,940 shares in the last quarter.

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.