Eastern Bank Sells 255,965 Shares of iShares MSCI USA Quality Factor ETF $QUAL

Eastern Bank cut its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 80.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 63,020 shares of the company’s stock after selling 255,965 shares during the period. Eastern Bank’s holdings in iShares MSCI USA Quality Factor ETF were worth $12,517,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Almanack Investment Partners LLC. raised its position in iShares MSCI USA Quality Factor ETF by 0.4% in the 3rd quarter. Almanack Investment Partners LLC. now owns 13,062 shares of the company’s stock worth $2,541,000 after purchasing an additional 52 shares during the period. Tompkins Financial Corp boosted its position in shares of iShares MSCI USA Quality Factor ETF by 17.8% during the fourth quarter. Tompkins Financial Corp now owns 344 shares of the company’s stock valued at $68,000 after buying an additional 52 shares during the period. Cape Investment Advisory Inc. grew its stake in shares of iShares MSCI USA Quality Factor ETF by 2.3% during the second quarter. Cape Investment Advisory Inc. now owns 2,517 shares of the company’s stock valued at $460,000 after buying an additional 57 shares during the last quarter. Atlas Brown Inc. grew its stake in shares of iShares MSCI USA Quality Factor ETF by 2.0% during the third quarter. Atlas Brown Inc. now owns 2,889 shares of the company’s stock valued at $562,000 after buying an additional 57 shares during the last quarter. Finally, Members Trust Co raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 4.3% in the third quarter. Members Trust Co now owns 1,384 shares of the company’s stock worth $269,000 after buying an additional 57 shares during the period.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of QUAL stock opened at $187.30 on Friday. iShares MSCI USA Quality Factor ETF has a 52-week low of $148.34 and a 52-week high of $205.65. The firm has a market capitalization of $54.31 billion, a P/E ratio of 25.59 and a beta of 1.05. The stock has a 50 day moving average price of $200.49 and a 200 day moving average price of $197.94.

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.