iShares MSCI USA Quality Factor ETF (BATS:QUAL) Shares Cross Above 50 Day Moving Average – Here’s Why

iShares MSCI USA Quality Factor ETF (BATS:QUAL) crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $223.35 and traded as high as $224.40. iShares MSCI USA Quality Factor ETF shares last traded at $223.55, with a volume of 684,360 shares.

iShares MSCI USA Quality Factor ETF Stock Performance

The firm has a market cap of $64.82 billion, a P/E ratio of 25.59 and a beta of 1.05. The firm’s fifty day moving average is $223.35 and its 200 day moving average is $212.04.

iShares MSCI USA Quality Factor ETF shares are going to split on the morning of Thursday, November 5th. The 4-1 split was recently announced. The newly created shares will be payable to shareholders after the market closes on Wednesday, November 4th.

Institutional Investors Weigh In On iShares MSCI USA Quality Factor ETF

Hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE grew its position in shares of iShares MSCI USA Quality Factor ETF by 36.9% in the first quarter. Bank of America Corp DE now owns 8,741,641 shares of the company’s stock valued at $1,676,734,000 after purchasing an additional 2,357,971 shares during the last quarter. Orgel Wealth Management LLC increased 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 period. Facet Wealth Inc. increased its stake in shares of 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 during the period. Royal Bank of Canada increased its stake in shares of iShares MSCI USA Quality Factor ETF by 2.9% during the first quarter. Royal Bank of Canada now owns 1,777,079 shares of the company’s stock worth $340,861,000 after purchasing an additional 49,616 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in 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 worth $301,918,000 after purchasing an additional 43,742 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.