iShares MSCI USA Quality Factor ETF (BATS:QUAL) Hits New 12-Month High – What’s Next?
by Danessa Lincoln · The Markets DailyShares of iShares MSCI USA Quality Factor ETF (BATS:QUAL – Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $227.32 and last traded at $227.17, with a volume of 212327 shares trading hands. The stock had previously closed at $225.45.
iShares MSCI USA Quality Factor ETF Stock Up 0.6%
The firm’s 50-day moving average price is $218.19 and its 200 day moving average price is $208.63. The firm has a market cap of $65.76 billion, a P/E ratio of 25.59 and a beta of 1.05.
Institutional Investors Weigh In On iShares MSCI USA Quality Factor ETF
Several large investors have recently made changes to their positions in the company. Empire Life Investments Inc. grew its position in shares of iShares MSCI USA Quality Factor ETF by 0.8% during the fourth quarter. Empire Life Investments Inc. now owns 6,150 shares of the company’s stock worth $1,222,000 after acquiring an additional 50 shares during the last quarter. Sunbelt Securities Inc. lifted its position in iShares MSCI USA Quality Factor ETF by 1.4% in the 4th quarter. Sunbelt Securities Inc. now owns 3,641 shares of the company’s stock valued at $723,000 after purchasing an additional 52 shares during the last quarter. First Command Advisory Services Inc. lifted its position in iShares MSCI USA Quality Factor ETF by 16.5% in the 4th quarter. First Command Advisory Services Inc. now owns 374 shares of the company’s stock valued at $74,000 after purchasing an additional 53 shares during the last quarter. Northwest Financial Advisors boosted its stake in iShares MSCI USA Quality Factor ETF by 3.8% during the 1st quarter. Northwest Financial Advisors now owns 1,457 shares of the company’s stock valued at $279,000 after purchasing an additional 53 shares during the period. Finally, Sherman Wealth Management LLC boosted its stake in iShares MSCI USA Quality Factor ETF by 0.3% during the 2nd quarter. Sherman Wealth Management LLC now owns 20,726 shares of the company’s stock valued at $4,548,000 after purchasing an additional 53 shares during the period.
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. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.