First Citizens Bank & Trust Co. cut its stake in iShares MSCI EAFE ETF (NYSEARCA:EFA – Free Report) by 11.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,931 shares of the exchange traded fund’s stock after selling 6,808 shares during the period. First Citizens Bank & Trust Co.’s holdings in iShares MSCI EAFE ETF were worth $5,044,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Horizon Investments LLC lifted its holdings in shares of iShares MSCI EAFE ETF by 2,520.0% in the 4th quarter. Horizon Investments LLC now owns 262 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 252 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new position in iShares MSCI EAFE ETF during the fourth quarter worth approximately $26,000. Atlas Capital Advisors Inc. purchased a new stake in iShares MSCI EAFE ETF in the fourth quarter valued at approximately $29,000. Scarborough Advisors LLC acquired a new stake in shares of iShares MSCI EAFE ETF in the first quarter valued at approximately $33,000. Finally, GeoWealth Management LLC purchased a new position in shares of iShares MSCI EAFE ETF during the fourth quarter worth approximately $37,000. Hedge funds and other institutional investors own 79.80% of the company’s stock.
iShares MSCI EAFE ETF Price Performance
Shares of iShares MSCI EAFE ETF stock opened at $104.06 on Wednesday. The firm’s fifty day simple moving average is $103.77 and its 200-day simple moving average is $101.71. iShares MSCI EAFE ETF has a 12 month low of $86.74 and a 12 month high of $105.94. The stock has a market capitalization of $76.92 billion, a price-to-earnings ratio of 16.48 and a beta of 0.78.
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. 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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