Cornerstone Management Inc. Sells 6,539 Shares of iShares MSCI EAFE ETF (NYSEARCA:EFA)

Cornerstone Management Inc. reduced its position in iShares MSCI EAFE ETF (NYSEARCA:EFA) by 2.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 229,575 shares of the exchange traded fund’s stock after selling 6,539 shares during the quarter. iShares MSCI EAFE ETF comprises about 3.5% of Cornerstone Management Inc.’s portfolio, making the stock its 6th largest position. Cornerstone Management Inc.’s holdings in iShares MSCI EAFE ETF were worth $18,763,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in EFA. Brighton Jones LLC increased its stake in shares of iShares MSCI EAFE ETF by 5.3% in the 4th quarter. Brighton Jones LLC now owns 236,460 shares of the exchange traded fund’s stock valued at $17,879,000 after purchasing an additional 11,902 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in iShares MSCI EAFE ETF in the fourth quarter valued at about $629,000. Empowered Funds LLC acquired a new position in iShares MSCI EAFE ETF during the fourth quarter worth about $79,000. Rhumbline Advisers raised its stake in iShares MSCI EAFE ETF by 25.3% during the fourth quarter. Rhumbline Advisers now owns 80,064 shares of the exchange traded fund’s stock worth $6,054,000 after acquiring an additional 16,167 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in shares of iShares MSCI EAFE ETF by 4.3% in the fourth quarter. Global Retirement Partners LLC now owns 39,852 shares of the exchange traded fund’s stock worth $3,013,000 after acquiring an additional 1,645 shares during the last quarter. 79.80% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI EAFE ETF Trading Up 0.2%

EFA opened at $87.11 on Friday. The company has a market cap of $61.20 billion, a P/E ratio of 16.35 and a beta of 0.83. The company’s 50 day moving average is $86.25 and its 200-day moving average is $81.80. iShares MSCI EAFE ETF has a 1-year low of $72.15 and a 1-year high of $90.51.

iShares MSCI EAFE ETF Profile

iShares MSCI EAFE ETF, formerly iShares MSCI EAFE Index Fund (the Fund), is an exchange-traded fund. The Fund’s investment objective is to seek investment results that correspond to the price and yield performance of its underlying index, MSCI EAFE Index (the Index). The Index has been developed by MSCI Inc as an equity benchmark for its international stock performance.