Notable Outflow Detected in iShares MSCI USA Quality Factor ETF (QUAL)

The iShares MSCI USA Quality Factor ETF (QUAL) experienced a notable outflow of $128.8 million, a 0.2% decrease in shares outstanding. Among the largest underlying components, Costco Wholesale Corp (COST) is up 0.1%, Nike (NKE) is up 2.4%, and Chipotle Mexican Grill Inc (CMG) is down 0.7%. The ETF's 52-week range is $148.34 to $187.26, with a last trade of $182.82.

The iShares MSCI USA Quality Factor ETF (QUAL) experienced a notable outflow of $128.8 million, representing a 0.2% decrease in shares outstanding. This week-over-week change was detected by ETF Channel, which monitors shares outstanding data for ETFs [1]. Among the largest underlying components, Costco Wholesale Corp (COST) is up 0.1%, Nike (NKE) is up 2.4%, and Chipotle Mexican Grill Inc (CMG) is down 0.7%.

The ETF's 52-week range is $148.34 to $187.26, with a last trade of $182.82. Analysts have noted that QUAL has underperformed the S&P 500 since April, with high-beta stocks outperforming quality-focused names [2]. Despite this, some analysts maintain a hold rating due to the ETF's weak relative strength and premium valuation [2].

The outflow from QUAL could indicate a shift in investor sentiment towards high-beta stocks or a general pullback in quality-focused ETFs. However, the ETF's performance remains compelling, as it has delivered strong returns since the latest coverage [3]. Investors should continue to monitor QUAL's performance and the broader market trends to make informed investment decisions.

References:
[1] https://www.nasdaq.com/articles/notable-etf-outflow-detected-qual-cost-nke-cmg
[2] https://stockanalysis.com/etf/qual/
[3] https://www.seekingalpha.com/article/4391164-qual-performing-as-predicted-staying-bullish