NewEdge Wealth LLC cut its position in shares of iShares MSCI EAFE ETF (NYSEARCA:EFA – Free Report) by 5.9% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 515,417 shares of the exchange traded fund’s stock after selling 32,034 shares during the quarter. NewEdge Wealth LLC’s holdings in iShares MSCI EAFE ETF were worth $50,062,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Bank of America Corp DE grew its stake in iShares MSCI EAFE ETF by 9.5% in the 4th quarter. Bank of America Corp DE now owns 40,215,965 shares of the exchange traded fund’s stock worth $3,861,939,000 after acquiring an additional 3,481,849 shares during the period. Morgan Stanley lifted its stake in shares of iShares MSCI EAFE ETF by 15.5% during the 4th quarter. Morgan Stanley now owns 31,617,599 shares of the exchange traded fund’s stock worth $3,036,238,000 after purchasing an additional 4,244,605 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of iShares MSCI EAFE ETF by 5.1% during the fourth quarter. JPMorgan Chase & Co. now owns 21,517,515 shares of the exchange traded fund’s stock worth $2,066,327,000 after purchasing an additional 1,041,180 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of iShares MSCI EAFE ETF by 1.0% during the fourth quarter. Northern Trust Corp now owns 21,303,587 shares of the exchange traded fund’s stock worth $2,045,783,000 after purchasing an additional 205,935 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC grew its position in shares of iShares MSCI EAFE ETF by 13.9% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 15,736,766 shares of the exchange traded fund’s stock valued at $1,511,202,000 after purchasing an additional 1,922,902 shares during the period. Institutional investors and hedge funds own 79.80% of the company’s stock.
iShares MSCI EAFE ETF Stock Up 0.2%
Shares of NYSEARCA:EFA opened at $104.25 on Thursday. The company has a market cap of $77.06 billion, a P/E ratio of 16.48 and a beta of 0.78. The business has a fifty day simple moving average of $103.78 and a 200-day simple moving average of $101.76. iShares MSCI EAFE ETF has a 52 week low of $86.74 and a 52 week high of $105.94.
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. The Index includes stocks from Europe, Australasia and the Far East. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.
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