iShares MSCI USA Quality Factor ETF (BATS:QUAL) Hits New 52-Week High – Still a Buy?

iShares MSCI USA Quality Factor ETF (BATS:QUAL) reached a new 52-week high during trading on Tuesday . The company traded as high as $179.91 and last traded at $185.19, with a volume of 1138168 shares trading hands. The stock had previously closed at $176.64.

iShares MSCI USA Quality Factor ETF Stock Performance

The company has a market capitalization of $49.02 billion, a price-to-earnings ratio of 23.03 and a beta of 1.03. The company’s fifty day simple moving average is $181.79 and its two-hundred day simple moving average is $179.74.

Institutional Investors Weigh In On iShares MSCI USA Quality Factor ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its stake in iShares MSCI USA Quality Factor ETF by 2.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 29,141,751 shares of the company’s stock worth $5,189,563,000 after buying an additional 596,515 shares during the last quarter. LPL Financial LLC lifted its position in iShares MSCI USA Quality Factor ETF by 14.5% in the 4th quarter. LPL Financial LLC now owns 16,867,820 shares of the company’s stock valued at $3,003,821,000 after purchasing an additional 2,141,996 shares during the last quarter. FMR LLC boosted its stake in iShares MSCI USA Quality Factor ETF by 1.8% during the 4th quarter. FMR LLC now owns 16,141,300 shares of the company’s stock valued at $2,874,443,000 after purchasing an additional 292,539 shares during the period. Bank of America Corp DE grew its position in iShares MSCI USA Quality Factor ETF by 1.5% in the 4th quarter. Bank of America Corp DE now owns 7,721,037 shares of the company’s stock worth $1,374,962,000 after purchasing an additional 113,633 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 14.6% during the fourth quarter. JPMorgan Chase & Co. now owns 6,580,546 shares of the company’s stock valued at $1,171,864,000 after buying an additional 837,887 shares during the last quarter.

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.