Eastern Bank Has $62.04 Million Stake in iShares MSCI USA Quality Factor ETF $QUAL

Eastern Bank raised its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 1.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 318,985 shares of the company’s stock after acquiring an additional 5,479 shares during the period. iShares MSCI USA Quality Factor ETF comprises about 1.1% of Eastern Bank’s investment portfolio, making the stock its 27th largest position. Eastern Bank owned 0.11% of iShares MSCI USA Quality Factor ETF worth $62,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of the stock. Almanack Investment Partners LLC. boosted its stake in shares of iShares MSCI USA Quality Factor ETF by 0.4% in the 3rd quarter. Almanack Investment Partners LLC. now owns 13,062 shares of the company’s stock valued at $2,541,000 after purchasing an additional 52 shares in the last quarter. Galvin Gaustad & Stein LLC lifted its holdings in iShares MSCI USA Quality Factor ETF by 2.6% during the 2nd quarter. Galvin Gaustad & Stein LLC now owns 2,095 shares of the company’s stock valued at $383,000 after purchasing an additional 54 shares during the last quarter. Cape Investment Advisory Inc. lifted its holdings in iShares MSCI USA Quality Factor ETF by 2.3% during the 2nd quarter. Cape Investment Advisory Inc. now owns 2,517 shares of the company’s stock valued at $460,000 after purchasing an additional 57 shares during the last quarter. Atlas Brown Inc. boosted its position in iShares MSCI USA Quality Factor ETF by 2.0% in the third quarter. Atlas Brown Inc. now owns 2,889 shares of the company’s stock valued at $562,000 after buying an additional 57 shares in the last quarter. Finally, GFG Capital LLC grew its stake in iShares MSCI USA Quality Factor ETF by 4.3% during the third quarter. GFG Capital LLC now owns 1,442 shares of the company’s stock worth $280,000 after buying an additional 59 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Trading Up 15.2%

BATS QUAL opened at $203.46 on Wednesday. iShares MSCI USA Quality Factor ETF has a 1-year low of $148.34 and a 1-year high of $187.26. The company has a 50 day moving average of $198.02 and a 200-day moving average of $192.64. The firm has a market cap of $58.99 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05.

iShares MSCI USA Quality Factor ETF Profile

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.