iShares MSCI USA Quality Factor ETF (BATS:QUAL) Sets New 12-Month High – Should You Buy?

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

iShares MSCI USA Quality Factor ETF Trading Down 0.6%

The company has a market cap of $65.48 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. The stock’s 50-day moving average is $218.64 and its 200-day moving average is $208.92.

Hedge Funds Weigh In On iShares MSCI USA Quality Factor ETF

A number of institutional investors and hedge funds have recently made changes to their positions in QUAL. Advocate Investing Services LLC bought a new stake in iShares MSCI USA Quality Factor ETF in the 4th quarter valued at about $25,000. Resources Management Corp CT ADV acquired a new stake in iShares MSCI USA Quality Factor ETF in the fourth quarter valued at approximately $27,000. Financial Life Planners bought a new stake in shares of iShares MSCI USA Quality Factor ETF during the first quarter valued at approximately $28,000. Ares Financial Consulting LLC bought a new stake in shares of iShares MSCI USA Quality Factor ETF during the fourth quarter valued at approximately $30,000. Finally, Cornerstone Financial Management LLC acquired a new position in shares of iShares MSCI USA Quality Factor ETF during the fourth quarter worth 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.