Merit Financial Group LLC Lowers Stock Position in iShares MSCI EAFE Growth ETF $EFG

Merit Financial Group LLC decreased its holdings in iShares MSCI EAFE Growth ETF (BATS:EFG) by 71.9% in the 3rd quarter, Holdings Channel reports. The firm owned 155,659 shares of the company’s stock after selling 398,058 shares during the period. Merit Financial Group LLC’s holdings in iShares MSCI EAFE Growth ETF were worth $17,726,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Envestnet Asset Management Inc. raised its holdings in shares of iShares MSCI EAFE Growth ETF by 0.6% in the second quarter. Envestnet Asset Management Inc. now owns 16,920,944 shares of the company’s stock valued at $1,895,108,000 after buying an additional 108,211 shares during the last quarter. Jane Street Group LLC increased its position in iShares MSCI EAFE Growth ETF by 2,387.5% in the 1st quarter. Jane Street Group LLC now owns 2,276,882 shares of the company’s stock valued at $227,688,000 after acquiring an additional 2,185,348 shares during the period. Park Avenue Securities LLC raised its stake in iShares MSCI EAFE Growth ETF by 1.1% during the 2nd quarter. Park Avenue Securities LLC now owns 1,598,189 shares of the company’s stock valued at $178,997,000 after acquiring an additional 16,719 shares during the last quarter. MML Investors Services LLC raised its stake in iShares MSCI EAFE Growth ETF by 8.0% during the 2nd quarter. MML Investors Services LLC now owns 1,333,981 shares of the company’s stock valued at $149,406,000 after acquiring an additional 99,158 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in iShares MSCI EAFE Growth ETF by 5.0% during the 2nd quarter. Cetera Investment Advisers now owns 1,315,205 shares of the company’s stock worth $147,303,000 after acquiring an additional 62,786 shares during the period.

iShares MSCI EAFE Growth ETF Trading Up 19.1%

Shares of EFG stock opened at $114.45 on Wednesday. The company has a market capitalization of $13.46 billion, a P/E ratio of 24.98 and a beta of 0.96. The business’s 50 day moving average is $114.31 and its two-hundred day moving average is $112.75. iShares MSCI EAFE Growth ETF has a twelve month low of $88.66 and a twelve month high of $113.16.

iShares MSCI EAFE Growth ETF Profile

iShares MSCI EAFE Growth ETF (the Fund), formerly iShares MSCI EAFE Growth Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI EAFE Growth Index (the Index). The Index is a subset of the MSCI EAFE Index and constituents of the Index include securities from Europe, Australasia (Australia and Asia), and the Far East. The Fund invests in sectors, such as consumer staples, industrials, consumer discretionary, materials, healthcare, financials, information technology, energy, telecommunication services and utilities.