iShares MSCI USA Quality Factor ETF (BATS:QUAL) Reaches New 1-Year High at $161.32

iShares MSCI USA Quality Factor ETF (BATS:QUAL)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $161.32 and last traded at $161.31, with a volume of 1093243 shares changing hands. The stock had previously closed at $159.19.

iShares MSCI USA Quality Factor ETF Price Performance

The stock has a 50 day simple moving average of $160.96 and a two-hundred day simple moving average of $150.88. The company has a market cap of $42.57 billion, a price-to-earnings ratio of 23.03 and a beta of 1.03.

Hedge Funds Weigh In On iShares MSCI USA Quality Factor ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its stake in shares of iShares MSCI USA Quality Factor ETF by 2.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 26,751,547 shares of the company’s stock valued at $3,936,223,000 after acquiring an additional 744,380 shares during the period. FMR LLC lifted its stake in iShares MSCI USA Quality Factor ETF by 6.7% during the third quarter. FMR LLC now owns 14,616,008 shares of the company’s stock worth $1,926,244,000 after purchasing an additional 923,875 shares in the last quarter. UBS Group AG boosted its position in shares of iShares MSCI USA Quality Factor ETF by 4.9% during the fourth quarter. UBS Group AG now owns 4,276,029 shares of the company’s stock worth $629,175,000 after buying an additional 200,655 shares during the period. Wells Fargo & Company MN grew its stake in shares of iShares MSCI USA Quality Factor ETF by 30.0% in the fourth quarter. Wells Fargo & Company MN now owns 3,886,985 shares of the company’s stock valued at $571,931,000 after buying an additional 897,256 shares in the last quarter. Finally, M&T Bank Corp raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 1.7% in the 4th quarter. M&T Bank Corp now owns 3,665,986 shares of the company’s stock valued at $539,416,000 after buying an additional 59,771 shares during the period.

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.