Modern Wealth Management LLC Cuts Stake in iShares MSCI EAFE ETF $EFA

Modern Wealth Management LLC lowered its stake in shares of iShares MSCI EAFE ETF (NYSEARCA:EFA) by 33.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 487,087 shares of the exchange traded fund’s stock after selling 243,342 shares during the period. iShares MSCI EAFE ETF accounts for about 0.9% of Modern Wealth Management LLC’s investment portfolio, making the stock its 26th largest position. Modern Wealth Management LLC owned about 0.07% of iShares MSCI EAFE ETF worth $45,479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of EFA. Pineridge Advisors LLC bought a new stake in iShares MSCI EAFE ETF in the 2nd quarter valued at $25,000. MMA Asset Management LLC bought a new position in shares of iShares MSCI EAFE ETF during the 3rd quarter valued at about $34,000. Pflug Koory LLC boosted its holdings in shares of iShares MSCI EAFE ETF by 65.9% during the 3rd quarter. Pflug Koory LLC now owns 375 shares of the exchange traded fund’s stock valued at $35,000 after purchasing an additional 149 shares during the last quarter. Addison Advisors LLC grew its position in shares of iShares MSCI EAFE ETF by 56.6% during the second quarter. Addison Advisors LLC now owns 379 shares of the exchange traded fund’s stock valued at $34,000 after purchasing an additional 137 shares in the last quarter. Finally, Versant Capital Management Inc purchased a new position in shares of iShares MSCI EAFE ETF during the third quarter valued at about $37,000. Hedge funds and other institutional investors own 79.80% of the company’s stock.

iShares MSCI EAFE ETF Trading Down 0.9%

Shares of EFA stock opened at $98.28 on Friday. The stock has a market capitalization of $72.53 billion, a price-to-earnings ratio of 16.48 and a beta of 0.84. iShares MSCI EAFE ETF has a 12-month low of $72.14 and a 12-month high of $105.94. The stock’s 50-day moving average price is $101.00 and its 200-day moving average price is $96.44.

iShares MSCI EAFE ETF Company 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.