Eastern Bank Buys 90,713 Shares of iShares MSCI Intl Quality Factor ETF $IQLT

Eastern Bank lifted its stake in iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) by 4.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,266,349 shares of the company’s stock after purchasing an additional 90,713 shares during the quarter. iShares MSCI Intl Quality Factor ETF accounts for approximately 1.8% of Eastern Bank’s holdings, making the stock its 15th biggest position. Eastern Bank owned approximately 0.79% of iShares MSCI Intl Quality Factor ETF worth $100,150,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its holdings in iShares MSCI Intl Quality Factor ETF by 1,299.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 33,858,904 shares of the company’s stock worth $1,463,382,000 after buying an additional 31,439,365 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of iShares MSCI Intl Quality Factor ETF by 3.2% during the second quarter. PNC Financial Services Group Inc. now owns 31,568,040 shares of the company’s stock valued at $1,364,371,000 after acquiring an additional 974,637 shares in the last quarter. Bank of America Corp DE increased its position in shares of iShares MSCI Intl Quality Factor ETF by 19.6% during the second quarter. Bank of America Corp DE now owns 24,974,867 shares of the company’s stock valued at $1,079,414,000 after acquiring an additional 4,094,153 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in iShares MSCI Intl Quality Factor ETF by 1.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 18,834,601 shares of the company’s stock worth $814,031,000 after acquiring an additional 260,347 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in iShares MSCI Intl Quality Factor ETF by 13.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 9,301,323 shares of the company’s stock worth $402,190,000 after acquiring an additional 1,107,638 shares during the last quarter.

iShares MSCI Intl Quality Factor ETF Trading Down 0.7%

Shares of IQLT opened at $46.76 on Wednesday. The company has a market cap of $13.99 billion, a price-to-earnings ratio of 18.86 and a beta of 0.89. The business’s fifty day simple moving average is $45.17 and its two-hundred day simple moving average is $44.14. iShares MSCI Intl Quality Factor ETF has a 12 month low of $35.51 and a 12 month high of $47.10.

About iShares MSCI Intl Quality Factor ETF

The iShares MSCI Intl Quality Factor ETF (IQLT) is an exchange-traded fund that is based on the World ex USA Sector Neutral Quality index. The fund tracks an index of large- and mid-cap stocks in developed countries, outside of the US. The index is selected and weighted for exposure to fundamental quality metrics. IQLT was launched on Jan 13, 2015 and is managed by BlackRock.