iShares MSCI USA Quality Factor ETF (BATS:QUAL) Stock Scheduled to Split on Thursday, November 5th

Shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) are scheduled to split on Thursday, November 5th. The 4-1 split was recently announced. The newly issued shares will be payable to shareholders after the closing bell on Wednesday, November 4th.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of BATS QUAL opened at $223.18 on Wednesday. The stock’s 50-day moving average is $223.28 and its two-hundred day moving average is $212.25. iShares MSCI USA Quality Factor ETF has a 1-year low of $185.88 and a 1-year high of $228.13. The company has a market cap of $64.71 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05.

Institutional Trading of iShares MSCI USA Quality Factor ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QUAL. Bank of America Corp DE increased its position in shares of iShares MSCI USA Quality Factor ETF by 36.9% during the first quarter. Bank of America Corp DE now owns 8,741,641 shares of the company’s stock worth $1,676,734,000 after purchasing an additional 2,357,971 shares in the last quarter. Orgel Wealth Management LLC raised its stake in shares of iShares MSCI USA Quality Factor ETF by 2.0% during the second quarter. Orgel Wealth Management LLC now owns 3,358,210 shares of the company’s stock worth $736,892,000 after purchasing an additional 65,534 shares during the last quarter. Facet Wealth Inc. raised its holdings in iShares MSCI USA Quality Factor ETF by 11.3% during the second quarter. Facet Wealth Inc. now owns 3,300,180 shares of the company’s stock worth $724,159,000 after purchasing an additional 334,234 shares in the last quarter. Royal Bank of Canada lifted its holdings in iShares MSCI USA Quality Factor ETF by 2.9% in the first quarter. Royal Bank of Canada now owns 1,777,079 shares of the company’s stock valued at $340,861,000 after acquiring an additional 49,616 shares during the period. Finally, Cetera Investment Advisers lifted its position in shares of iShares MSCI USA Quality Factor ETF by 2.9% during the 1st quarter. Cetera Investment Advisers now owns 1,574,045 shares of the company’s stock valued at $301,918,000 after acquiring an additional 43,742 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. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.