iShares MSCI USA Quality Factor ETF (BATS:QUAL) Stock Break Above 50-Day Moving Average – What’s Next?

iShares MSCI USA Quality Factor ETF (BATS:QUAL) shares crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $223.26 and traded as high as $227.73. iShares MSCI USA Quality Factor ETF shares last traded at $227.02, with a volume of 1,139,569 shares trading hands.

iShares MSCI USA Quality Factor ETF Stock Performance

The stock’s fifty day moving average is $223.26 and its two-hundred day moving average is $212.86. The firm has a market cap of $65.82 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of QUAL. Bank of America Corp DE grew its holdings in iShares MSCI USA Quality Factor ETF by 36.9% in 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 in the last quarter. Orgel Wealth Management LLC raised 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 valued at $736,892,000 after acquiring an additional 65,534 shares in the last quarter. Facet Wealth Inc. boosted its position 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 acquiring an additional 334,234 shares during the period. Royal Bank of Canada grew its stake in shares of iShares MSCI USA Quality Factor ETF by 2.9% in 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. Finally, Cetera Investment Advisers grew its stake in shares of iShares MSCI USA Quality Factor ETF by 2.9% in the first quarter. Cetera Investment Advisers now owns 1,574,045 shares of the company’s stock worth $301,918,000 after purchasing an additional 43,742 shares in the last quarter.

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.