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

Eastern Bank lifted its holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 1.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 318,985 shares of the company’s stock after purchasing an additional 5,479 shares during the quarter. iShares MSCI USA Quality Factor ETF comprises about 1.1% of Eastern Bank’s holdings, making the stock its 27th biggest holding. Eastern Bank’s holdings in iShares MSCI USA Quality Factor ETF were worth $62,042,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Gallagher Fiduciary Advisors LLC raised its stake in shares of iShares MSCI USA Quality Factor ETF by 13,080.9% in the second quarter. Gallagher Fiduciary Advisors LLC now owns 2,481,960 shares of the company’s stock worth $453,752,000 after acquiring an additional 2,463,130 shares during the last quarter. Soundwatch Capital LLC increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 72,284.9% in the second quarter. Soundwatch Capital LLC now owns 2,437,924 shares of the company’s stock valued at $445,701,000 after purchasing an additional 2,434,556 shares in the last quarter. Symphony Financial Ltd. Co. raised its position in iShares MSCI USA Quality Factor ETF by 4,818.8% in the 2nd quarter. Symphony Financial Ltd. Co. now owns 1,716,464 shares of the company’s stock worth $313,849,000 after purchasing an additional 1,681,568 shares during the last quarter. Charles Schwab Investment Management Inc. acquired a new position in iShares MSCI USA Quality Factor ETF during the 2nd quarter worth $305,974,000. Finally, Orgel Wealth Management LLC lifted its holdings in iShares MSCI USA Quality Factor ETF by 56.8% during the 2nd quarter. Orgel Wealth Management LLC now owns 2,954,525 shares of the company’s stock worth $540,146,000 after buying an additional 1,070,608 shares in the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

BATS QUAL opened at $203.46 on Wednesday. The stock has a market capitalization of $58.99 billion, a P/E ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 52 week low of $148.34 and a 52 week high of $187.26. The stock has a fifty day moving average of $198.02 and a 200-day moving average of $192.64.

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.