Sax Wealth Advisors LLC Takes Position in iShares MSCI EAFE Min Vol Factor ETF $EFAV

Sax Wealth Advisors LLC acquired a new stake in shares of iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV) during the second quarter, HoldingsChannel reports. The institutional investor acquired 14,516 shares of the company’s stock, valued at approximately $1,326,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EFAV. Lexington Hill Partners LLC raised its stake in iShares MSCI EAFE Min Vol Factor ETF by 1.9% in the 2nd quarter. Lexington Hill Partners LLC now owns 9,820 shares of the company’s stock valued at $861,000 after purchasing an additional 185 shares during the last quarter. Beaird Harris Wealth Management LLC boosted its stake in shares of iShares MSCI EAFE Min Vol Factor ETF by 32.6% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 1,037 shares of the company’s stock worth $91,000 after purchasing an additional 255 shares during the last quarter. Invariant Investment Management boosted its stake in shares of iShares MSCI EAFE Min Vol Factor ETF by 15.9% during the 2nd quarter. Invariant Investment Management now owns 2,976 shares of the company’s stock worth $266,000 after purchasing an additional 409 shares during the last quarter. Foster Group Inc. grew its holdings in shares of iShares MSCI EAFE Min Vol Factor ETF by 0.9% during the second quarter. Foster Group Inc. now owns 14,981 shares of the company’s stock worth $1,314,000 after buying an additional 129 shares in the last quarter. Finally, CGN Advisors LLC grew its holdings in shares of iShares MSCI EAFE Min Vol Factor ETF by 1.5% during the second quarter. CGN Advisors LLC now owns 23,051 shares of the company’s stock worth $2,022,000 after buying an additional 345 shares in the last quarter.

iShares MSCI EAFE Min Vol Factor ETF Price Performance

BATS:EFAV opened at $94.25 on Monday. The firm has a 50 day simple moving average of $89.94 and a 200-day simple moving average of $90.90. The firm has a market cap of $6.15 billion, a PE ratio of 16.91 and a beta of 0.57. iShares MSCI EAFE Min Vol Factor ETF has a 1-year low of $83.36 and a 1-year high of $95.13.

iShares MSCI EAFE Min Vol Factor ETF Company Profile

The iShares MSCI EAFE Min Vol Factor ETF (EFAV) is an exchange-traded fund that is based on the MSCI EAFE Minimum Volatility (USD) index. The fund tracks an index of developed-market equities, ex-US and Canada, selected and weighted to create a low volatility portfolio subject to constraints including sector exposure. EFAV was launched on Oct 18, 2011 and is managed by BlackRock.