Independent Financial Group LLC acquired a new stake in shares of iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV – Free Report) during the first quarter, Holdings Channel reports. The firm acquired 8,687 shares of the company’s stock, valued at approximately $794,000.
A number of other institutional investors have also recently added to or reduced their stakes in EFAV. Morgan Stanley boosted its stake in iShares MSCI EAFE Min Vol Factor ETF by 9.0% during the 4th quarter. Morgan Stanley now owns 2,310,102 shares of the company’s stock valued at $199,246,000 after purchasing an additional 190,252 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of iShares MSCI EAFE Min Vol Factor ETF by 32.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 767,283 shares of the company’s stock worth $64,520,000 after buying an additional 188,461 shares in the last quarter. UBS Group AG lifted its holdings in shares of iShares MSCI EAFE Min Vol Factor ETF by 9.5% in the third quarter. UBS Group AG now owns 712,195 shares of the company’s stock valued at $60,416,000 after buying an additional 61,925 shares during the period. Sei Investments Co. lifted its holdings in shares of iShares MSCI EAFE Min Vol Factor ETF by 1.8% in the third quarter. Sei Investments Co. now owns 633,870 shares of the company’s stock valued at $53,766,000 after buying an additional 10,997 shares during the period. Finally, Raymond James Financial Inc. lifted its holdings in shares of iShares MSCI EAFE Min Vol Factor ETF by 4.6% in the second quarter. Raymond James Financial Inc. now owns 439,656 shares of the company’s stock valued at $36,957,000 after buying an additional 19,227 shares during the period.
iShares MSCI EAFE Min Vol Factor ETF Stock Up 0.0%
Shares of EFAV stock opened at $90.67 on Wednesday. The stock has a 50-day simple moving average of $89.65 and a 200 day simple moving average of $90.41. The stock has a market capitalization of $5.92 billion, a P/E ratio of 16.91 and a beta of 0.57. iShares MSCI EAFE Min Vol Factor ETF has a fifty-two week low of $81.66 and a fifty-two week high of $95.13.
About iShares MSCI EAFE Min Vol Factor ETF
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. EFAV was launched on Oct 18, 2011 and is managed by BlackRock.
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