iShares MSCI USA Quality Factor ETF (BATS:QUAL) Sets New 12-Month High – Here’s What Happened

Shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) hit a new 52-week high during mid-day trading on Friday. The company traded as high as $227.32 and last traded at $227.1390, with a volume of 378009 shares. The stock had previously closed at $226.13.

iShares MSCI USA Quality Factor ETF Trading Up 0.4%

The business’s fifty day simple moving average is $223.02 and its two-hundred day simple moving average is $214.79. The stock has a market capitalization of $65.85 billion, a P/E ratio of 25.59 and a beta of 1.05.

iShares MSCI USA Quality Factor ETF’s stock is set to split on the morning of Thursday, November 5th. The 4-1 split was recently announced. The newly issued shares will be payable to shareholders after the market closes on Wednesday, November 4th.

Hedge Funds Weigh In On iShares MSCI USA Quality Factor ETF

Large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in shares of iShares MSCI USA Quality Factor ETF by 36.9% during the first quarter. Bank of America Corp DE now owns 8,741,641 shares of the company’s stock worth $1,676,734,000 after purchasing an additional 2,357,971 shares in the last quarter. AdvisorShares Investments LLC bought a new position in iShares MSCI USA Quality Factor ETF in the 1st quarter worth approximately $70,161,000. Facet Wealth Inc. lifted its holdings in iShares MSCI USA Quality Factor ETF by 11.3% during the 2nd quarter. Facet Wealth Inc. now owns 3,300,180 shares of the company’s stock worth $724,159,000 after buying an additional 334,234 shares in the last quarter. Focus Partners Wealth boosted its position 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 valued at $474,097,000 after buying an additional 240,881 shares during the last quarter. Finally, Unison Advisors LLC increased its stake in shares of iShares MSCI USA Quality Factor ETF by 61.6% in the 1st quarter. Unison Advisors LLC now owns 603,217 shares of the company’s stock valued at $115,703,000 after buying an additional 229,969 shares during the period.

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.