Baird Financial Group Inc. Has $5.54 Million Stake in iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV)

Baird Financial Group Inc. lifted its holdings in shares of iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV) by 52.1% during the 4th quarter, Holdings Channel reports. The firm owned 78,307 shares of the company’s stock after purchasing an additional 26,818 shares during the period. Baird Financial Group Inc.’s holdings in iShares MSCI EAFE Min Vol Factor ETF were worth $5,537,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Bank of America Corp DE increased its stake in iShares MSCI EAFE Min Vol Factor ETF by 0.9% during the 4th quarter. Bank of America Corp DE now owns 22,974,021 shares of the company’s stock worth $1,624,493,000 after acquiring an additional 205,435 shares during the period. Alteri Wealth LLC acquired a new position in iShares MSCI EAFE Min Vol Factor ETF in the fourth quarter valued at about $275,000. Comerica Bank lifted its position in iShares MSCI EAFE Min Vol Factor ETF by 4.5% during the fourth quarter. Comerica Bank now owns 110,870 shares of the company’s stock worth $7,840,000 after purchasing an additional 4,742 shares during the period. Lido Advisors LLC grew its stake in iShares MSCI EAFE Min Vol Factor ETF by 6.5% during the fourth quarter. Lido Advisors LLC now owns 13,326 shares of the company’s stock worth $942,000 after buying an additional 815 shares in the last quarter. Finally, Northern Trust Corp bought a new position in iShares MSCI EAFE Min Vol Factor ETF in the 4th quarter valued at about $586,000.

iShares MSCI EAFE Min Vol Factor ETF Trading Up 18.0 %

Shares of BATS:EFAV opened at $82.59 on Friday. The firm has a 50 day moving average of $78.94 and a 200-day moving average of $74.99. iShares MSCI EAFE Min Vol Factor ETF has a 12 month low of $68.56 and a 12 month high of $83.68. The stock has a market capitalization of $5.44 billion, a PE ratio of 17.75 and a beta of 0.56.

iShares MSCI EAFE Min Vol Factor ETF Profile

The iShares MSCI EAFE Min Vol Factor ETF (EFAV) is an exchange-traded fund that is based on the MSCI EAFE Minimum Volatility (USD) index. The fund tracks an index of developed-market equities, ex-US and Canada, selected and weighted to create a low volatility portfolio subject to constraints including sector exposure.