Envestnet Asset Management Inc. Buys 713,952 Shares of iShares MSCI EAFE ETF $EFA

by · The Markets Daily

Envestnet Asset Management Inc. raised its stake in shares of iShares MSCI EAFE ETF (NYSEARCA:EFA – Free Report) by 10.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,285,707 shares of the exchange traded fund’s stock after purchasing an additional 713,952 shares during the period. Envestnet Asset Management Inc. owned 0.99% of iShares MSCI EAFE ETF worth $756,839,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its holdings in shares of iShares MSCI EAFE ETF by 1.5% during the 2nd quarter. Bank of America Corp DE now owns 40,238,465 shares of the exchange traded fund’s stock worth $4,179,972,000 after buying an additional 604,529 shares during the period. JPMorgan Chase & Co. grew its stake in iShares MSCI EAFE ETF by 5.1% in the 4th quarter. JPMorgan Chase & Co. now owns 21,517,515 shares of the exchange traded fund’s stock valued at $2,066,327,000 after buying an additional 1,041,180 shares during the last quarter. AlTi Global Inc. raised its holdings in iShares MSCI EAFE ETF by 1.1% in the 1st quarter. AlTi Global Inc. now owns 6,222,715 shares of the exchange traded fund’s stock worth $604,412,000 after acquiring an additional 69,780 shares during the period. Bessemer Group Inc. raised its holdings in iShares MSCI EAFE ETF by 27.9% in the 1st quarter. Bessemer Group Inc. now owns 5,586,139 shares of the exchange traded fund’s stock worth $542,581,000 after acquiring an additional 1,218,669 shares during the period. Finally, Fifth Third Bancorp raised its holdings in iShares MSCI EAFE ETF by 214.8% in the 1st quarter. Fifth Third Bancorp now owns 3,734,895 shares of the exchange traded fund’s stock worth $362,770,000 after acquiring an additional 2,548,421 shares during the period. Institutional investors and hedge funds own 79.80% of the company’s stock.

iShares MSCI EAFE ETF Trading Down 1.6%

iShares MSCI EAFE ETF stock traded down $1.70 on Wednesday, reaching $104.80. 12,210,283 shares of the stock were exchanged, compared to its average volume of 16,596,686. The stock has a market cap of $77.47 billion, a PE ratio of 16.48 and a beta of 0.78. iShares MSCI EAFE ETF has a twelve month low of $91.21 and a twelve month high of $108.89. The firm has a fifty day moving average price of $106.46 and a two-hundred day moving average price of $103.40.

iShares MSCI EAFE ETF Profile

(Free Report)

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.

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