Eastern Bank Acquires 137,174 Shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Eastern Bank grew its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 158.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 223,800 shares of the company’s stock after purchasing an additional 137,174 shares during the quarter. Eastern Bank owned approximately 0.08% of iShares MSCI USA Quality Factor ETF worth $40,127,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of QUAL. Envestnet Asset Management Inc. boosted its holdings in shares of iShares MSCI USA Quality Factor ETF by 3.7% in the second quarter. Envestnet Asset Management Inc. now owns 28,038,014 shares of the company’s stock valued at $4,787,771,000 after purchasing an additional 999,735 shares during the period. LPL Financial LLC increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 5.6% during the 2nd quarter. LPL Financial LLC now owns 13,774,967 shares of the company’s stock worth $2,352,213,000 after buying an additional 727,760 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in iShares MSCI USA Quality Factor ETF by 21.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,808,994 shares of the company’s stock valued at $821,412,000 after purchasing an additional 863,219 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of iShares MSCI USA Quality Factor ETF by 5.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,106,475 shares of the company’s stock worth $530,462,000 after acquiring an additional 172,340 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of iShares MSCI USA Quality Factor ETF by 3.2% in the second quarter. Bank of New York Mellon Corp now owns 2,372,410 shares of the company’s stock worth $405,113,000 after acquiring an additional 73,653 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Price Performance

Shares of BATS:QUAL traded down $0.45 on Tuesday, reaching $181.97. The company’s stock had a trading volume of 717,273 shares. iShares MSCI USA Quality Factor ETF has a 52-week low of $71.96 and a 52-week high of $88.63. The stock has a market capitalization of $48.02 billion, a P/E ratio of 23.03 and a beta of 1.03. The stock’s 50-day moving average is $177.36 and its two-hundred day moving average is $170.35.

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.