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

iShares MSCI USA Quality Factor ETF (BATS:QUAL)’s share price reached 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 trading hands. The stock had previously closed at $226.13.

iShares MSCI USA Quality Factor ETF Price Performance

The stock’s 50 day moving average is $223.02 and its two-hundred day moving average is $214.79. The firm has a market capitalization of $65.85 billion, a P/E ratio of 25.59 and a beta of 1.05.

Shares of iShares MSCI USA Quality Factor ETF are going to split on Thursday, November 5th. The 4-1 split was recently announced. The newly issued shares will be distributed to shareholders after the closing bell on Wednesday, November 4th.

Institutional Investors Weigh In On iShares MSCI USA Quality Factor ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its position in shares of iShares MSCI USA Quality Factor ETF by 36.9% during the 1st quarter. Bank of America Corp DE now owns 8,741,641 shares of the company’s stock worth $1,676,734,000 after buying an additional 2,357,971 shares during the period. Orgel Wealth Management LLC boosted its stake in iShares MSCI USA Quality Factor ETF by 2.0% during the 2nd quarter. Orgel Wealth Management LLC now owns 3,358,210 shares of the company’s stock worth $736,892,000 after acquiring an additional 65,534 shares during the last quarter. Facet Wealth Inc. grew its holdings 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 purchasing an additional 334,234 shares during the period. Focus Partners Wealth raised its holdings in iShares MSCI USA Quality Factor ETF by 11.2% in the fourth quarter. Focus Partners Wealth now owns 2,386,956 shares of the company’s stock worth $474,097,000 after purchasing an additional 240,881 shares during the period. Finally, Royal Bank of Canada boosted its position in shares of iShares MSCI USA Quality Factor ETF by 2.9% during the first quarter. Royal Bank of Canada now owns 1,777,079 shares of the company’s stock worth $340,861,000 after purchasing an additional 49,616 shares in the last quarter.

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.