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

iShares MSCI USA Quality Factor ETF (BATS:QUAL)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $179.91 and last traded at $182.10, with a volume of 1138168 shares. The stock had previously closed at $176.64.

iShares MSCI USA Quality Factor ETF Stock Performance

The company’s fifty day simple moving average is $181.67 and its 200-day simple moving average is $177.98. The company has a market capitalization of $48.73 billion, a P/E ratio of 23.03 and a beta of 1.03.

Hedge Funds Weigh In On iShares MSCI USA Quality Factor ETF

A number of large investors have recently bought and sold shares of QUAL. Signaturefd LLC boosted its stake in iShares MSCI USA Quality Factor ETF by 46.3% in the third quarter. Signaturefd LLC now owns 717 shares of the company’s stock valued at $129,000 after acquiring an additional 227 shares in the last quarter. Annandale Capital LLC boosted its position in iShares MSCI USA Quality Factor ETF by 1.4% in the second quarter. Annandale Capital LLC now owns 26,500 shares of the company’s stock valued at $4,525,000 after buying an additional 363 shares during the last quarter. CreativeOne Wealth LLC boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 43.4% in the 3rd quarter. CreativeOne Wealth LLC now owns 252,618 shares of the company’s stock valued at $45,294,000 after acquiring an additional 76,472 shares during the last quarter. Mattson Financial Services LLC acquired a new stake in iShares MSCI USA Quality Factor ETF during the 2nd quarter worth about $2,135,000. Finally, Midwest Heritage Bank FSB grew its holdings in iShares MSCI USA Quality Factor ETF by 1.7% during the third quarter. Midwest Heritage Bank FSB now owns 11,574 shares of the company’s stock worth $2,075,000 after acquiring an additional 199 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.