Eastern Bank Acquires 47,767 Shares of iShares MSCI USA Quality Factor ETF $QUAL

Eastern Bank lifted its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 18.0% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 313,506 shares of the company’s stock after acquiring an additional 47,767 shares during the quarter. iShares MSCI USA Quality Factor ETF accounts for about 1.1% of Eastern Bank’s holdings, making the stock its 27th biggest holding. Eastern Bank owned approximately 0.11% of iShares MSCI USA Quality Factor ETF worth $57,315,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Galvin Gaustad & Stein LLC lifted its holdings in shares of iShares MSCI USA Quality Factor ETF by 2.6% in the 2nd quarter. Galvin Gaustad & Stein LLC now owns 2,095 shares of the company’s stock worth $383,000 after acquiring an additional 54 shares during the last quarter. Global Financial Private Client LLC lifted its holdings in shares of iShares MSCI USA Quality Factor ETF by 0.6% in the 2nd quarter. Global Financial Private Client LLC now owns 10,696 shares of the company’s stock worth $1,955,000 after acquiring an additional 60 shares during the last quarter. L. Roy Papp & Associates LLP lifted its holdings in shares of iShares MSCI USA Quality Factor ETF by 2.5% in the 2nd quarter. L. Roy Papp & Associates LLP now owns 2,461 shares of the company’s stock worth $450,000 after acquiring an additional 60 shares during the last quarter. Acorn Wealth Advisors LLC raised its holdings in iShares MSCI USA Quality Factor ETF by 0.4% during the 1st quarter. Acorn Wealth Advisors LLC now owns 14,431 shares of the company’s stock valued at $2,466,000 after buying an additional 62 shares during the last quarter. Finally, Citizens National Bank Trust Department raised its holdings in iShares MSCI USA Quality Factor ETF by 2.6% during the 1st quarter. Citizens National Bank Trust Department now owns 2,606 shares of the company’s stock valued at $445,000 after buying an additional 66 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Up 8.1%

BATS:QUAL opened at $190.99 on Friday. The company has a fifty day moving average of $190.33 and a 200 day moving average of $180.37. iShares MSCI USA Quality Factor ETF has a 52 week low of $148.34 and a 52 week high of $187.26. The firm has a market capitalization of $55.38 billion, a P/E 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.