Cornerstone Management Inc. Sells 4,912 Shares of iShares MSCI EAFE ETF $EFA

Cornerstone Management Inc. lessened its position in shares of iShares MSCI EAFE ETF (NYSEARCA:EFA) by 2.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 224,663 shares of the exchange traded fund’s stock after selling 4,912 shares during the quarter. iShares MSCI EAFE ETF makes up about 3.5% of Cornerstone Management Inc.’s investment portfolio, making the stock its 6th largest position. Cornerstone Management Inc.’s holdings in iShares MSCI EAFE ETF were worth $20,083,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Smallwood Wealth Investment Management LLC acquired a new stake in shares of iShares MSCI EAFE ETF during the 1st quarter worth approximately $34,000. Fiduciary Wealth Partners LLC bought a new position in shares of iShares MSCI EAFE ETF during the 1st quarter worth approximately $36,000. Elequin Capital LP lifted its position in shares of iShares MSCI EAFE ETF by 44.7% during the 1st quarter. Elequin Capital LP now owns 447 shares of the exchange traded fund’s stock worth $37,000 after buying an additional 138 shares during the period. von Borstel & Associates Inc. bought a new position in shares of iShares MSCI EAFE ETF during the 1st quarter worth approximately $43,000. Finally, 3Chopt Investment Partners LLC bought a new position in shares of iShares MSCI EAFE ETF during the 1st quarter worth approximately $52,000. Institutional investors and hedge funds own 79.80% of the company’s stock.

iShares MSCI EAFE ETF Price Performance

iShares MSCI EAFE ETF stock opened at $94.89 on Friday. The company has a market capitalization of $68.43 billion, a PE ratio of 16.48 and a beta of 0.86. iShares MSCI EAFE ETF has a one year low of $72.14 and a one year high of $95.53. The business has a 50 day simple moving average of $93.03 and a 200 day simple moving average of $89.04.

About iShares MSCI EAFE ETF

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.