iShares MSCI USA Quality Factor ETF (BATS:QUAL) Sets New 1-Year High – Here’s What Happened

iShares MSCI USA Quality Factor ETF (BATS:QUAL) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $181.30 and last traded at $179.96, with a volume of 959344 shares changing hands. The stock had previously closed at $179.56.

iShares MSCI USA Quality Factor ETF Trading Up 0.2 %

The firm has a 50-day simple moving average of $179.50 and a 200-day simple moving average of $173.30. The firm has a market cap of $47.50 billion, a P/E ratio of 23.03 and a beta of 1.03.

Institutional Investors Weigh In On iShares MSCI USA Quality Factor ETF

A number of institutional investors have recently added to or reduced their stakes in QUAL. Envestnet Asset Management Inc. grew its position in shares of 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 last quarter. FMR LLC grew its holdings in iShares MSCI USA Quality Factor ETF by 7.9% in the third quarter. FMR LLC now owns 15,848,761 shares of the company’s stock worth $2,841,683,000 after purchasing an additional 1,160,410 shares during the last quarter. LPL Financial LLC increased its position in shares of iShares MSCI USA Quality Factor ETF by 6.9% during the third quarter. LPL Financial LLC now owns 14,725,824 shares of the company’s stock worth $2,640,340,000 after purchasing an additional 950,857 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of 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 last quarter. Finally, M&T Bank Corp boosted its position in shares of iShares MSCI USA Quality Factor ETF by 0.7% in the 3rd quarter. M&T Bank Corp now owns 4,050,192 shares of the company’s stock worth $726,199,000 after purchasing an additional 28,147 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.