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

iShares MSCI USA Quality Factor ETF (BATS:QUAL) shares hit a new 52-week high on Monday . The stock traded as high as $179.91 and last traded at $181.52, with a volume of 1138168 shares trading hands. The stock had previously closed at $176.64.

iShares MSCI USA Quality Factor ETF Stock Performance

The company’s fifty day moving average price is $181.72 and its 200-day moving average price is $180.61. The stock has a market cap of $49.79 billion, a P/E ratio of 28.36 and a beta of 1.04.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Howe & Rusling Inc. increased its position in shares of iShares MSCI USA Quality Factor ETF by 7.6% during the fourth quarter. Howe & Rusling Inc. now owns 776 shares of the company’s stock worth $138,000 after acquiring an additional 55 shares during the period. Rosenberg Matthew Hamilton grew its position in shares of iShares MSCI USA Quality Factor ETF by 5.0% during the 4th quarter. Rosenberg Matthew Hamilton now owns 1,241 shares of the company’s stock worth $221,000 after buying an additional 59 shares in the last quarter. Bristlecone Advisors LLC increased its stake in shares of iShares MSCI USA Quality Factor ETF by 0.3% during the fourth quarter. Bristlecone Advisors LLC now owns 17,214 shares of the company’s stock valued at $3,065,000 after buying an additional 59 shares during the period. Tucker Asset Management LLC raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 11.5% in the fourth quarter. Tucker Asset Management LLC now owns 629 shares of the company’s stock valued at $112,000 after acquiring an additional 65 shares in the last quarter. Finally, Sheridan Capital Management LLC lifted its stake in iShares MSCI USA Quality Factor ETF by 0.6% in the fourth quarter. Sheridan Capital Management LLC now owns 11,532 shares of the company’s stock worth $2,054,000 after acquiring an additional 66 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.