Modern Wealth Management LLC Decreases Position in iShares MSCI EAFE ETF $EFA

Modern Wealth Management LLC trimmed its position in iShares MSCI EAFE ETF (NYSEARCA:EFA) by 89.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 40,135 shares of the exchange traded fund’s stock after selling 359,152 shares during the period. Modern Wealth Management LLC’s holdings in iShares MSCI EAFE ETF were worth $3,958,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Horizon Investments LLC lifted its position 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 shares of iShares MSCI EAFE ETF during the fourth quarter worth approximately $26,000. Atlas Capital Advisors Inc. purchased a new stake in shares of iShares MSCI EAFE ETF during the fourth quarter worth approximately $29,000. Scarborough Advisors LLC acquired a new position in iShares MSCI EAFE ETF in the 1st quarter valued at $33,000. Finally, GeoWealth Management LLC acquired a new position in iShares MSCI EAFE ETF in the 4th quarter valued at $37,000. 79.80% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI EAFE ETF Stock Performance

Shares of EFA stock opened at $103.41 on Friday. The stock’s fifty day moving average is $103.80 and its two-hundred day moving average is $101.82. The firm has a market capitalization of $76.44 billion, a P/E ratio of 16.48 and a beta of 0.78. iShares MSCI EAFE ETF has a fifty-two week low of $86.74 and a fifty-two week high of $105.94.

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.