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

iShares MSCI USA Quality Factor ETF (BATS:QUAL) hit a new 52-week high during trading on Monday . The company traded as high as $218.97 and last traded at $218.70, with a volume of 65790 shares trading hands. The stock had previously closed at $216.91.

iShares MSCI USA Quality Factor ETF Trading Down 0.7%

The business has a 50-day moving average price of $209.63 and a 200 day moving average price of $203.31. The stock has a market cap of $63.14 billion, a PE ratio of 25.59 and a beta of 1.05.

Institutional Trading of iShares MSCI USA Quality Factor ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Steelhead Wealth Management LLC bought a new stake in shares of iShares MSCI USA Quality Factor ETF during the 1st quarter valued at $12,079,000. Empowered Funds LLC raised its stake in shares of iShares MSCI USA Quality Factor ETF by 32.1% during the 1st quarter. Empowered Funds LLC now owns 3,264 shares of the company’s stock valued at $626,000 after purchasing an additional 794 shares during the period. Curry Webb Wealth Management LLC bought a new stake in shares of iShares MSCI USA Quality Factor ETF during the 1st quarter valued at $543,000. NewEdge Advisors LLC raised its stake in shares of iShares MSCI USA Quality Factor ETF by 2.6% during the 1st quarter. NewEdge Advisors LLC now owns 732,682 shares of the company’s stock valued at $140,536,000 after purchasing an additional 18,529 shares during the period. Finally, Allen Capital Group LLC raised its stake in shares of iShares MSCI USA Quality Factor ETF by 1.6% during the 1st quarter. Allen Capital Group LLC now owns 7,622 shares of the company’s stock valued at $1,462,000 after purchasing an additional 118 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.