iShares MSCI USA Quality Factor ETF (BATS:QUAL) Sets New 52-Week High – Time to Buy?

Shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) hit a new 52-week high during mid-day trading on Monday . The company 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 Trading Up 0.5 %

The firm has a 50 day moving average price of $180.16 and a 200 day moving average price of $174.04. The stock has a market capitalization of $48.49 billion, a PE ratio of 23.03 and a beta of 1.03.

Institutional Investors Weigh In On iShares MSCI USA Quality Factor ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QUAL. Signaturefd LLC boosted its position in shares of iShares MSCI USA Quality Factor ETF by 46.3% in the third quarter. Signaturefd LLC now owns 717 shares of the company’s stock worth $129,000 after purchasing an additional 227 shares during the period. Provident Investment Management Inc. increased its stake in iShares MSCI USA Quality Factor ETF by 5.8% in the 2nd quarter. Provident Investment Management Inc. now owns 11,142 shares of the company’s stock worth $1,903,000 after buying an additional 614 shares in the last quarter. Annandale Capital LLC raised its holdings in iShares MSCI USA Quality Factor ETF by 1.4% during the second quarter. Annandale Capital LLC now owns 26,500 shares of the company’s stock valued at $4,525,000 after acquiring an additional 363 shares during the period. Calamos Wealth Management LLC lifted its position in shares of iShares MSCI USA Quality Factor ETF by 26.8% in the second quarter. Calamos Wealth Management LLC now owns 1,727 shares of the company’s stock valued at $295,000 after acquiring an additional 365 shares in the last quarter. Finally, Crestwood Advisors Group LLC boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 103.2% in the second quarter. Crestwood Advisors Group LLC now owns 23,057 shares of the company’s stock worth $3,937,000 after acquiring an additional 11,711 shares during the period.

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.