iShares MSCI USA Quality Factor ETF (BATS:QUAL) Reaches New 52-Week High – Should You Buy?

Shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) reached a new 52-week high on Wednesday . The stock traded as high as $216.22 and last traded at $215.79, with a volume of 806217 shares. The stock had previously closed at $214.38.

iShares MSCI USA Quality Factor ETF Stock Performance

The company has a market cap of $62.57 billion, a P/E ratio of 25.59 and a beta of 1.05. The firm has a 50 day moving average price of $202.75 and a two-hundred day moving average price of $201.02.

Institutional Trading of iShares MSCI USA Quality Factor ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its holdings in shares of 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 valued at $1,676,734,000 after acquiring an additional 2,357,971 shares in the last quarter. MML Investors Services LLC raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 1.3% in the 2nd quarter. MML Investors Services LLC now owns 3,454,291 shares of the company’s stock valued at $631,514,000 after acquiring an additional 44,285 shares in the last quarter. Orgel Wealth Management LLC raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 1.5% in the 4th quarter. Orgel Wealth Management LLC now owns 3,050,553 shares of the company’s stock valued at $605,901,000 after acquiring an additional 44,952 shares in the last quarter. Facet Wealth Inc. raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 9.9% in the 4th quarter. Facet Wealth Inc. now owns 2,888,100 shares of the company’s stock valued at $589,952,000 after acquiring an additional 259,414 shares in the last quarter. Finally, Focus Partners Wealth grew its position in iShares MSCI USA Quality Factor ETF by 11.2% during the 4th quarter. Focus Partners Wealth now owns 2,386,956 shares of the company’s stock worth $474,097,000 after acquiring an additional 240,881 shares during 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.