iShares MSCI USA Quality Factor ETF (BATS:QUAL) Hits New 52-Week High – Time to Buy?

iShares MSCI USA Quality Factor ETF (BATS:QUAL) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $227.32 and last traded at $227.17, with a volume of 212327 shares. The stock had previously closed at $225.45.

iShares MSCI USA Quality Factor ETF Stock Up 0.6%

The business’s 50 day simple moving average is $218.19 and its 200 day simple moving average is $208.63. The company has a market capitalization of $65.76 billion, a PE ratio of 25.59 and a beta of 1.05.

Hedge Funds Weigh In On iShares MSCI USA Quality Factor ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QUAL. Bank of America Corp DE lifted its holdings in shares of iShares MSCI USA Quality Factor ETF by 36.9% in the first quarter. Bank of America Corp DE now owns 8,741,641 shares of the company’s stock valued at $1,676,734,000 after purchasing an additional 2,357,971 shares in the last quarter. MML Investors Services LLC raised its position in iShares MSCI USA Quality Factor ETF by 1.3% during the second quarter. MML Investors Services LLC now owns 3,454,291 shares of the company’s stock valued at $631,514,000 after buying an additional 44,285 shares during the period. Facet Wealth Inc. raised its position in iShares MSCI USA Quality Factor ETF by 11.3% during the second quarter. Facet Wealth Inc. now owns 3,300,180 shares of the company’s stock valued at $724,159,000 after buying an additional 334,234 shares during the period. Focus Partners Wealth lifted its stake in iShares MSCI USA Quality Factor ETF by 11.2% in the 4th quarter. Focus Partners Wealth now owns 2,386,956 shares of the company’s stock worth $474,097,000 after acquiring an additional 240,881 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in iShares MSCI USA Quality Factor ETF by 3.1% during the 3rd quarter. Raymond James Financial Inc. now owns 2,040,575 shares of the company’s stock worth $396,892,000 after acquiring an additional 62,154 shares during the period.

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