iShares MSCI USA Quality Factor ETF (BATS:QUAL) Hits New 52-Week High – Here’s Why

iShares MSCI USA Quality Factor ETF (BATS:QUAL) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $205.85 and last traded at $205.68, with a volume of 53789 shares traded. The stock had previously closed at $204.32.

iShares MSCI USA Quality Factor ETF Trading Up 1.3%

The company has a market capitalization of $60.00 billion, a PE ratio of 25.59 and a beta of 1.05. The business’s 50-day simple moving average is $198.92 and its 200-day simple moving average is $198.40.

Hedge Funds Weigh In On iShares MSCI USA Quality Factor ETF

Several institutional investors have recently made changes to their positions in QUAL. Hantz Financial Services Inc. purchased a new position in shares of iShares MSCI USA Quality Factor ETF during the 3rd quarter valued at approximately $25,000. Advocate Investing Services LLC purchased a new position in shares of iShares MSCI USA Quality Factor ETF during the 4th quarter valued at approximately $25,000. Resources Management Corp CT ADV purchased a new position in shares of iShares MSCI USA Quality Factor ETF during the 4th quarter valued at approximately $27,000. Financial Life Planners purchased a new position in shares of iShares MSCI USA Quality Factor ETF during the 3rd quarter valued at approximately $28,000. Finally, Ares Financial Consulting LLC purchased a new position in shares of iShares MSCI USA Quality Factor ETF during the 4th quarter valued at approximately $30,000.

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.