iShares MSCI USA Quality Factor ETF (BATS:QUAL) Reaches New 1-Year High – Still a Buy?

iShares MSCI USA Quality Factor ETF (BATS:QUAL)’s share price hit a new 52-week high on Thursday . The stock traded as high as $210.23 and last traded at $210.04, with a volume of 1195685 shares changing hands. The stock had previously closed at $207.50.

iShares MSCI USA Quality Factor ETF Stock Up 1.2%

The firm has a 50 day moving average price of $199.88 and a two-hundred day moving average price of $199.49. The company has a market capitalization of $60.90 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05.

Hedge Funds Weigh In On iShares MSCI USA Quality Factor ETF

Several large investors have recently modified their holdings of the stock. World Equity Group Inc. lifted its position in shares of iShares MSCI USA Quality Factor ETF by 8.0% during the first quarter. World Equity Group Inc. now owns 3,915 shares of the company’s stock worth $752,000 after purchasing an additional 290 shares during the last quarter. Palladiem LLC lifted its position in shares of iShares MSCI USA Quality Factor ETF by 41.3% during the first quarter. Palladiem LLC now owns 7,888 shares of the company’s stock worth $1,513,000 after purchasing an additional 2,304 shares during the last quarter. GatePass Capital LLC lifted its position in shares of iShares MSCI USA Quality Factor ETF by 25.4% during the first quarter. GatePass Capital LLC now owns 5,112 shares of the company’s stock worth $981,000 after purchasing an additional 1,036 shares during the last quarter. Zhang Financial LLC lifted its position in shares of iShares MSCI USA Quality Factor ETF by 10.8% during the first quarter. Zhang Financial LLC now owns 3,299 shares of the company’s stock worth $633,000 after purchasing an additional 322 shares during the last quarter. Finally, Cornerstone Planning Group LLC lifted its position in shares of iShares MSCI USA Quality Factor ETF by 33.9% during the first quarter. Cornerstone Planning Group LLC now owns 17,053 shares of the company’s stock worth $3,538,000 after purchasing an additional 4,315 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. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.