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

iShares MSCI USA Quality Factor ETF (BATS:QUAL)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $179.91 and last traded at $181.10, with a volume of 1138168 shares. The stock had previously closed at $176.64.

iShares MSCI USA Quality Factor ETF Price Performance

The stock has a market cap of $48.11 billion, a price-to-earnings ratio of 23.03 and a beta of 1.03. The stock has a fifty day moving average of $182.04 and a 200 day moving average of $178.49.

Institutional Investors Weigh In On iShares MSCI USA Quality Factor ETF

A number of institutional investors and hedge funds have recently modified their holdings of QUAL. GAMMA Investing LLC lifted its holdings in iShares MSCI USA Quality Factor ETF by 3.6% in the third quarter. GAMMA Investing LLC now owns 1,670 shares of the company’s stock valued at $299,000 after acquiring an additional 58 shares during the period. Rosenberg Matthew Hamilton lifted its holdings in iShares MSCI USA Quality Factor ETF by 5.0% in the fourth quarter. Rosenberg Matthew Hamilton now owns 1,241 shares of the company’s stock valued at $221,000 after acquiring an additional 59 shares during the period. Bristlecone Advisors LLC lifted its holdings in iShares MSCI USA Quality Factor ETF by 0.3% in the fourth quarter. Bristlecone Advisors LLC now owns 17,214 shares of the company’s stock valued at $3,065,000 after acquiring an additional 59 shares during the period. Procyon Advisors LLC lifted its holdings in iShares MSCI USA Quality Factor ETF by 4.7% in the third quarter. Procyon Advisors LLC now owns 1,354 shares of the company’s stock valued at $243,000 after acquiring an additional 61 shares during the period. Finally, Columbus Macro LLC lifted its holdings in iShares MSCI USA Quality Factor ETF by 1.3% in the third quarter. Columbus Macro LLC now owns 5,116 shares of the company’s stock valued at $926,000 after acquiring an additional 66 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.