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

iShares MSCI USA Quality Factor ETF (BATS:QUAL) reached a new 52-week high during 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 market cap of $48.05 billion, a P/E ratio of 23.03 and a beta of 1.03. The stock’s 50-day simple moving average is $181.71 and its two-hundred day simple moving average is $177.88.

Hedge Funds Weigh In On iShares MSCI USA Quality Factor ETF

Several hedge funds have recently added to or reduced their stakes in the company. Regatta Capital Group LLC boosted its position in shares of iShares MSCI USA Quality Factor ETF by 2.2% during the fourth quarter. Regatta Capital Group LLC now owns 91,288 shares of the company’s stock valued at $16,257,000 after buying an additional 1,946 shares during the period. Clarendon Private LLC purchased a new position in iShares MSCI USA Quality Factor ETF during the 4th quarter valued at $1,532,000. Flagship Private Wealth LLC grew its position in iShares MSCI USA Quality Factor ETF by 27.5% in the 4th quarter. Flagship Private Wealth LLC now owns 54,239 shares of the company’s stock valued at $9,659,000 after acquiring an additional 11,685 shares during the last quarter. Duncan Williams Asset Management LLC purchased a new stake in iShares MSCI USA Quality Factor ETF in the fourth quarter worth $366,000. Finally, Patton Albertson Miller Group LLC lifted its position in shares of iShares MSCI USA Quality Factor ETF by 28.7% during the fourth quarter. Patton Albertson Miller Group LLC now owns 7,094 shares of the company’s stock worth $1,263,000 after purchasing an additional 1,581 shares during the last quarter.

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.