Eastern Bank Sells 13,511 Shares of iShares MSCI USA Quality Factor ETF $QUAL

Eastern Bank lowered its stake in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 37.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,784 shares of the company’s stock after selling 13,511 shares during the period. Eastern Bank’s holdings in iShares MSCI USA Quality Factor ETF were worth $5,000,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Advocate Investing Services LLC purchased a new position in iShares MSCI USA Quality Factor ETF in the fourth quarter valued at approximately $25,000. Resources Management Corp CT ADV purchased a new stake in iShares MSCI USA Quality Factor ETF in the fourth quarter worth $27,000. Financial Life Planners purchased a new stake in iShares MSCI USA Quality Factor ETF in the first quarter worth $28,000. Ares Financial Consulting LLC bought a new stake in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter valued at $30,000. Finally, Cornerstone Financial Management LLC bought a new stake in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter valued at $30,000.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of BATS QUAL opened at $224.83 on Wednesday. The stock has a market capitalization of $65.19 billion, a PE ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a one year low of $183.28 and a one year high of $225.35. The business’s fifty day moving average price is $217.03 and its 200-day moving average price is $207.66.

iShares MSCI USA Quality Factor ETF Company 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.