Eastern Bank Trims Stock Position in iShares MSCI Intl Quality Factor ETF $IQLT

Eastern Bank trimmed its holdings in iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) by 50.1% during the second quarter, Holdings Channel reports. The institutional investor owned 175,945 shares of the company’s stock after selling 176,709 shares during the period. Eastern Bank’s holdings in iShares MSCI Intl Quality Factor ETF were worth $8,718,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IQLT. Russell Investments Group Ltd. boosted its position in shares of iShares MSCI Intl Quality Factor ETF by 312.1% in the second quarter. Russell Investments Group Ltd. now owns 1,125 shares of the company’s stock worth $49,000 after acquiring an additional 852 shares during the last quarter. Baird Financial Group Inc. grew its holdings in iShares MSCI Intl Quality Factor ETF by 13.1% in the second quarter. Baird Financial Group Inc. now owns 9,406 shares of the company’s stock valued at $407,000 after purchasing an additional 1,086 shares during the period. Qube Research & Technologies Ltd acquired a new position in iShares MSCI Intl Quality Factor ETF during the second quarter worth approximately $42,000. Raymond James Financial Inc. increased its position in iShares MSCI Intl Quality Factor ETF by 4.8% during the second quarter. Raymond James Financial Inc. now owns 1,803,093 shares of the company’s stock worth $77,930,000 after purchasing an additional 83,154 shares during the last quarter. Finally, Ausdal Financial Partners Inc. raised its stake in iShares MSCI Intl Quality Factor ETF by 1.7% during the second quarter. Ausdal Financial Partners Inc. now owns 18,259 shares of the company’s stock worth $789,000 after purchasing an additional 311 shares during the period.

iShares MSCI Intl Quality Factor ETF Stock Up 0.4%

NYSEARCA:IQLT opened at $50.36 on Tuesday. The company has a market cap of $13.87 billion, a P/E ratio of 18.86 and a beta of 0.83. The firm’s 50 day moving average is $49.35 and its two-hundred day moving average is $48.44. iShares MSCI Intl Quality Factor ETF has a fifty-two week low of $41.80 and a fifty-two week high of $50.61.

iShares MSCI Intl Quality Factor ETF Company Profile

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.