Modera Wealth Management LLC Sells 67,767 Shares of iShares MSCI EAFE Value ETF $EFV

Modera Wealth Management LLC lowered its stake in shares of iShares MSCI EAFE Value ETF (BATS:EFV) by 3.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,739,034 shares of the company’s stock after selling 67,767 shares during the quarter. iShares MSCI EAFE Value ETF accounts for 1.4% of Modera Wealth Management LLC’s portfolio, making the stock its 17th biggest position. Modera Wealth Management LLC’s holdings in iShares MSCI EAFE Value ETF were worth $117,959,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its position in shares of iShares MSCI EAFE Value ETF by 50.0% during the second quarter. Envestnet Asset Management Inc. now owns 70,125,413 shares of the company’s stock valued at $4,451,560,000 after acquiring an additional 23,376,524 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of iShares MSCI EAFE Value ETF by 28.6% during the second quarter. JPMorgan Chase & Co. now owns 15,814,518 shares of the company’s stock valued at $1,003,906,000 after buying an additional 3,518,683 shares during the period. US Bancorp DE lifted its holdings in shares of iShares MSCI EAFE Value ETF by 4.1% in the second quarter. US Bancorp DE now owns 13,614,142 shares of the company’s stock worth $864,247,000 after buying an additional 540,216 shares in the last quarter. Bank of America Corp DE grew its stake in iShares MSCI EAFE Value ETF by 11.5% during the second quarter. Bank of America Corp DE now owns 9,719,462 shares of the company’s stock valued at $616,991,000 after acquiring an additional 999,564 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in iShares MSCI EAFE Value ETF by 24.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 8,959,087 shares of the company’s stock worth $568,723,000 after purchasing an additional 1,743,904 shares in the last quarter.

iShares MSCI EAFE Value ETF Price Performance

EFV opened at $73.82 on Friday. The firm has a market capitalization of $30.26 billion, a P/E ratio of 12.17 and a beta of 0.73. The company has a fifty day moving average price of $71.26 and a 200-day moving average price of $68.43. iShares MSCI EAFE Value ETF has a one year low of $51.05 and a one year high of $66.83.

iShares MSCI EAFE Value ETF Profile

iShares MSCI EAFE Value ETF (the Fund), formerly iShares MSCI EAFE Value 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 Value 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 financials, energy, healthcare, telecommunication services, industrials, utilities, consumer discretionary, materials, information technology and consumer staples.