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

iShares MSCI USA Quality Factor ETF (BATS:QUAL)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $210.23 and last traded at $210.04, with a volume of 1195685 shares trading hands. The stock had previously closed at $207.50.

iShares MSCI USA Quality Factor ETF Stock Performance

The company has a 50 day moving average price of $199.99 and a 200 day moving average price of $199.61. The firm has a market cap of $61.01 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05.

Institutional Investors Weigh In On iShares MSCI USA Quality Factor ETF

Several institutional investors and hedge funds have recently modified their holdings of QUAL. Brighton Jones LLC raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 25.3% in the 4th quarter. Brighton Jones LLC now owns 10,028 shares of the company’s stock valued at $1,786,000 after buying an additional 2,023 shares during the period. Heck Capital Advisors LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF in the 4th quarter valued at $81,990,000. Bison Wealth LLC raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 21.6% in the 4th quarter. Bison Wealth LLC now owns 19,062 shares of the company’s stock valued at $3,395,000 after buying an additional 3,383 shares during the period. AQR Capital Management LLC raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 45.5% in the 1st quarter. AQR Capital Management LLC now owns 19,681 shares of the company’s stock valued at $3,363,000 after buying an additional 6,152 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 88.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 132,198 shares of the company’s stock valued at $22,591,000 after buying an additional 62,219 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.