Commonwealth Financial Services LLC cut its holdings in shares of iShares MSCI EAFE ETF (NYSEARCA:EFA – Free Report) by 37.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 25,079 shares of the exchange traded fund’s stock after selling 15,052 shares during the period. Commonwealth Financial Services LLC’s holdings in iShares MSCI EAFE ETF were worth $2,605,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Scarborough Advisors LLC acquired a new stake in iShares MSCI EAFE ETF in the 1st quarter valued at about $33,000. Centrica Wealth Management LLC purchased a new stake in iShares MSCI EAFE ETF during the 2nd quarter worth about $40,000. Arjuna Capital acquired a new stake in shares of iShares MSCI EAFE ETF during the 1st quarter worth about $42,000. Manning & Napier Advisors LLC acquired a new position in iShares MSCI EAFE ETF in the first quarter valued at approximately $51,000. Finally, SHP Wealth Management purchased a new position in iShares MSCI EAFE ETF in the fourth quarter valued at approximately $59,000. Hedge funds and other institutional investors own 79.80% of the company’s stock.
iShares MSCI EAFE ETF Trading Up 0.7%
Shares of NYSEARCA EFA traded up $0.73 during mid-day trading on Tuesday, reaching $103.60. The company had a trading volume of 14,060,442 shares, compared to its average volume of 16,501,799. The firm has a 50 day simple moving average of $105.96 and a two-hundred day simple moving average of $104.33. The stock has a market cap of $76.89 billion, a P/E ratio of 16.48 and a beta of 0.78. iShares MSCI EAFE ETF has a 52-week low of $91.21 and a 52-week high of $108.89.
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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