iShares MSCI USA Quality Factor ETF (BATS:QUAL) Sets New 12-Month High – Still a Buy?

Shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) hit a new 52-week high during trading on Monday . The stock traded as high as $184.32 and last traded at $183.73, with a volume of 2910557 shares trading hands. The stock had previously closed at $182.75.

iShares MSCI USA Quality Factor ETF Stock Performance

The company has a market capitalization of $48.49 billion, a PE ratio of 23.03 and a beta of 1.03. The company’s 50-day moving average is $180.16 and its 200 day moving average is $174.04.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Bessemer Group Inc. grew its holdings in shares of iShares MSCI USA Quality Factor ETF by 169.3% in the first quarter. Bessemer Group Inc. now owns 2,418 shares of the company’s stock worth $396,000 after acquiring an additional 1,520 shares during the period. Icon Wealth Advisors LLC increased its position in shares of iShares MSCI USA Quality Factor ETF by 1.2% during the 1st quarter. Icon Wealth Advisors LLC now owns 182,736 shares of the company’s stock valued at $30,033,000 after purchasing an additional 2,223 shares during the last quarter. Dynasty Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF during the 1st quarter valued at about $38,539,000. Ancora Advisors LLC lifted its stake in shares of iShares MSCI USA Quality Factor ETF by 6.2% in the 1st quarter. Ancora Advisors LLC now owns 13,642 shares of the company’s stock worth $2,242,000 after purchasing an additional 793 shares during the period. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 31.2% in the first quarter. B. Riley Wealth Advisors Inc. now owns 133,717 shares of the company’s stock worth $21,976,000 after buying an additional 31,788 shares during the last quarter.

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.