iShares MSCI USA Quality Factor ETF (BATS:QUAL) Sets New 1-Year High – Here’s Why

iShares MSCI USA Quality Factor ETF (BATS:QUAL)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $179.91 and last traded at $182.10, with a volume of 1138168 shares traded. The stock had previously closed at $176.64.

iShares MSCI USA Quality Factor ETF Price Performance

The firm has a 50-day simple moving average of $181.71 and a 200-day simple moving average of $177.88. The firm has a market capitalization of $48.05 billion, a PE ratio of 23.03 and a beta of 1.03.

Hedge Funds Weigh In On iShares MSCI USA Quality Factor ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Halpern Financial Inc. purchased a new position in shares of iShares MSCI USA Quality Factor ETF during the 3rd quarter worth $26,000. Barrett & Company Inc. bought a new position in iShares MSCI USA Quality Factor ETF in the 3rd quarter worth $27,000. Voisard Asset Management Group Inc. purchased a new position in iShares MSCI USA Quality Factor ETF during the third quarter valued at $27,000. OLD Second National Bank of Aurora bought a new stake in iShares MSCI USA Quality Factor ETF during the third quarter valued at about $27,000. Finally, Centennial Bank AR purchased a new stake in iShares MSCI USA Quality Factor ETF in the third quarter worth about $29,000.

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.