iShares MSCI USA Quality Factor ETF (BATS:QUAL) Hits New 12-Month High – Time to Buy?

Shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) reached a new 52-week high on Thursday . The company traded as high as $220.95 and last traded at $220.77, with a volume of 66770 shares trading hands. The stock had previously closed at $219.80.

iShares MSCI USA Quality Factor ETF Trading Down 1.3%

The firm’s 50 day moving average is $215.49 and its two-hundred day moving average is $206.19. The firm has a market cap of $63.17 billion, a P/E ratio of 25.59 and a beta of 1.05.

Hedge Funds Weigh In On iShares MSCI USA Quality Factor ETF

Institutional investors have recently modified their holdings of the business. Bank of America Corp DE grew its position in iShares MSCI USA Quality Factor ETF by 36.9% in the first quarter. Bank of America Corp DE now owns 8,741,641 shares of the company’s stock valued at $1,676,734,000 after purchasing an additional 2,357,971 shares in the last quarter. Two Sigma Investments LP increased its position in iShares MSCI USA Quality Factor ETF by 99.7% during the third quarter. Two Sigma Investments LP now owns 1,931,800 shares of the company’s stock worth $375,735,000 after buying an additional 964,500 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 403.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,107,669 shares of the company’s stock worth $220,005,000 after acquiring an additional 887,478 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 79.0% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,764,425 shares of the company’s stock valued at $350,450,000 after purchasing an additional 778,465 shares during the last quarter. Finally, Heck Capital Advisors LLC bought a new position in iShares MSCI USA Quality Factor ETF in the 4th quarter valued at about $81,990,000.

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. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.