iShares MSCI USA Quality Factor ETF (BATS:QUAL) Hits New 12-Month High – Still a Buy?

iShares MSCI USA Quality Factor ETF (BATS:QUAL) shares hit a new 52-week high on Thursday . The company traded as high as $212.96 and last traded at $212.96, with a volume of 627912 shares trading hands. The stock had previously closed at $212.23.

iShares MSCI USA Quality Factor ETF Stock Up 0.2%

The firm has a fifty day simple moving average of $201.42 and a 200-day simple moving average of $200.49. The company has a market cap of $61.68 billion, a PE ratio of 25.59 and a beta of 1.05.

Hedge Funds Weigh In On iShares MSCI USA Quality Factor ETF

Several hedge funds have recently made changes to their positions in the company. Cabot Wealth Management Inc. grew its holdings in iShares MSCI USA Quality Factor ETF by 8.7% in the third quarter. Cabot Wealth Management Inc. now owns 42,044 shares of the company’s stock valued at $8,177,000 after purchasing an additional 3,369 shares during the period. Cassilly Financial Group LLC purchased a new stake in iShares MSCI USA Quality Factor ETF in the fourth quarter valued at approximately $1,348,000. MB Generational Wealth LLC acquired a new position in iShares MSCI USA Quality Factor ETF during the third quarter valued at approximately $16,103,000. Coldstream Capital Management Inc. lifted its position in iShares MSCI USA Quality Factor ETF by 132.4% during the third quarter. Coldstream Capital Management Inc. now owns 1,044,546 shares of the company’s stock valued at $203,164,000 after buying an additional 595,017 shares in the last quarter. Finally, Aspen Wealth Management LLC lifted its position in iShares MSCI USA Quality Factor ETF by 2.6% during the fourth quarter. Aspen Wealth Management LLC now owns 228,882 shares of the company’s stock valued at $45,461,000 after buying an additional 5,878 shares in 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.