Maloon Powers Pitre Higgins & Dennehy LLC Acquires New Position in iShares MSCI EAFE ETF $EFA

Maloon Powers Pitre Higgins & Dennehy LLC bought a new position in shares of iShares MSCI EAFE ETF (NYSEARCA:EFA) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 47,515 shares of the exchange traded fund’s stock, valued at approximately $4,936,000. iShares MSCI EAFE ETF makes up 1.7% of Maloon Powers Pitre Higgins & Dennehy LLC’s investment portfolio, making the stock its 14th largest position.

A number of other hedge funds also recently added to or reduced their stakes in the business. Horizon Investments LLC raised its stake in shares of iShares MSCI EAFE ETF by 2,520.0% in the fourth quarter. Horizon Investments LLC now owns 262 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 252 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new stake in iShares MSCI EAFE ETF during the 4th quarter worth about $26,000. Atlas Capital Advisors Inc. acquired a new stake in iShares MSCI EAFE ETF in the 4th quarter valued at about $29,000. Scarborough Advisors LLC purchased a new position in shares of iShares MSCI EAFE ETF in the 1st quarter valued at about $33,000. Finally, GeoWealth Management LLC acquired a new position in shares of iShares MSCI EAFE ETF during the fourth quarter worth about $37,000. 79.80% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI EAFE ETF Stock Up 0.1%

Shares of iShares MSCI EAFE ETF stock opened at $108.35 on Friday. iShares MSCI EAFE ETF has a 52-week low of $91.21 and a 52-week high of $108.89. The company has a 50 day moving average of $105.91 and a 200 day moving average of $103.22. The company has a market capitalization of $80.09 billion, a P/E ratio of 16.48 and a beta of 0.78.

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.