iShares MSCI USA Quality Factor ETF (BATS:QUAL) Hits New 12-Month High at $172.95

iShares MSCI USA Quality Factor ETF (BATS:QUALGet Free Report)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $172.95 and last traded at $172.49, with a volume of 813611 shares trading hands. The stock had previously closed at $171.13.

iShares MSCI USA Quality Factor ETF Price Performance

The firm’s fifty day moving average price is $163.01 and its 200-day moving average price is $157.03. The firm has a market capitalization of $45.52 billion, a P/E ratio of 23.03 and a beta of 1.03.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in QUAL. Cetera Investment Advisers boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 141.3% in the first quarter. Cetera Investment Advisers now owns 1,677,664 shares of the company’s stock valued at $275,724,000 after acquiring an additional 982,323 shares in the last quarter. Scarborough Advisors LLC lifted its stake in iShares MSCI USA Quality Factor ETF by 1,460.0% during the fourth quarter. Scarborough Advisors LLC now owns 973,510 shares of the company’s stock valued at $143,242,000 after purchasing an additional 911,104 shares during the last quarter. Wells Fargo & Company MN lifted its stake in iShares MSCI USA Quality Factor ETF by 30.0% during the fourth quarter. Wells Fargo & Company MN now owns 3,886,985 shares of the company’s stock valued at $571,931,000 after purchasing an additional 897,256 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in iShares MSCI USA Quality Factor ETF by 2.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 26,751,547 shares of the company’s stock valued at $3,936,223,000 after purchasing an additional 744,380 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in iShares MSCI USA Quality Factor ETF by 108.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,056,047 shares of the company’s stock valued at $155,387,000 after purchasing an additional 550,321 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Company Profile

(Get Free Report)

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.

Further Reading

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