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

iShares MSCI USA Quality Factor ETF (BATS:QUAL)’s share price reached a new 52-week high on Monday . The company traded as high as $186.23 and last traded at $185.53, with a volume of 1079159 shares traded. The stock had previously closed at $186.46.

iShares MSCI USA Quality Factor ETF Stock Performance

The firm has a 50 day moving average of $181.84 and a two-hundred day moving average of $175.76. The stock has a market cap of $49.12 billion, a P/E ratio of 23.03 and a beta of 1.03.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. FMR LLC increased its holdings in shares of 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 acquiring an additional 1,160,410 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 3.7% during the second quarter. Envestnet Asset Management Inc. now owns 28,038,014 shares of the company’s stock worth $4,787,771,000 after acquiring an additional 999,735 shares during the period. LPL Financial LLC lifted its position in iShares MSCI USA Quality Factor ETF by 6.9% in the 3rd quarter. LPL Financial LLC now owns 14,725,824 shares of the company’s stock valued at $2,640,340,000 after acquiring an additional 950,857 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in iShares MSCI USA Quality Factor ETF by 21.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,808,994 shares of the company’s stock worth $821,412,000 after purchasing an additional 863,219 shares during the period. Finally, Liberty Wealth Management LLC increased its holdings in iShares MSCI USA Quality Factor ETF by 738.8% during the 2nd quarter. Liberty Wealth Management LLC now owns 779,144 shares of the company’s stock worth $133,047,000 after purchasing an additional 686,255 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.