iShares MSCI USA Quality Factor ETF (BATS:QUAL) Sets New 1-Year High – Still a Buy?

iShares MSCI USA Quality Factor ETF (BATS:QUAL) reached a new 52-week high on Monday . The company traded as high as $183.43 and last traded at $183.17, with a volume of 511312 shares changing hands. The stock had previously closed at $181.43.

iShares MSCI USA Quality Factor ETF Price Performance

The stock has a fifty day moving average of $175.40 and a two-hundred day moving average of $169.55. The firm has a market capitalization of $48.34 billion, a price-to-earnings ratio of 23.03 and a beta of 1.03.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its stake in iShares MSCI USA Quality Factor ETF by 3.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 28,038,014 shares of the company’s stock worth $4,787,771,000 after buying an additional 999,735 shares during the period. LPL Financial LLC increased its position in iShares MSCI USA Quality Factor ETF by 5.6% during the 2nd quarter. LPL Financial LLC now owns 13,774,967 shares of the company’s stock valued at $2,352,213,000 after purchasing an additional 727,760 shares during the period. Ameriprise Financial Inc. increased its position in iShares MSCI USA Quality Factor ETF by 21.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,808,994 shares of the company’s stock valued at $821,412,000 after purchasing an additional 863,219 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in iShares MSCI USA Quality Factor ETF by 5.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,106,475 shares of the company’s stock valued at $530,462,000 after purchasing an additional 172,340 shares during the period. Finally, Bank of New York Mellon Corp increased its position in iShares MSCI USA Quality Factor ETF by 3.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,372,410 shares of the company’s stock valued at $405,113,000 after purchasing an additional 73,653 shares during the period.

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.