iShares MSCI USA Quality Factor ETF (BATS:QUAL) Reaches New 52-Week High – Here’s What Happened

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

iShares MSCI USA Quality Factor ETF Price Performance

The firm has a market capitalization of $48.73 billion, a PE ratio of 23.03 and a beta of 1.03. The company’s fifty day simple moving average is $181.67 and its 200-day simple moving average is $177.98.

Hedge Funds Weigh In On iShares MSCI USA Quality Factor ETF

Hedge funds have recently made changes to their positions in the company. FMR LLC boosted its position in iShares MSCI USA Quality Factor ETF by 7.9% during the third quarter. FMR LLC now owns 15,848,761 shares of the company’s stock worth $2,841,683,000 after acquiring an additional 1,160,410 shares during the last quarter. LPL Financial LLC lifted its position in shares of iShares MSCI USA Quality Factor ETF by 6.9% during the third quarter. LPL Financial LLC now owns 14,725,824 shares of the company’s stock worth $2,640,340,000 after purchasing an additional 950,857 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in iShares MSCI USA Quality Factor ETF by 21.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,808,994 shares of the company’s stock worth $821,412,000 after buying an additional 863,219 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of iShares MSCI USA Quality Factor ETF in the second quarter valued at $108,645,000. Finally, Orgel Wealth Management LLC raised its position in iShares MSCI USA Quality Factor ETF by 71.6% in the 3rd quarter. Orgel Wealth Management LLC now owns 1,236,792 shares of the company’s stock valued at $221,757,000 after purchasing an additional 515,998 shares in 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.