Envestnet Asset Management Inc. Sells 27,383,960 Shares of iShares MSCI EAFE Value ETF $EFV

Envestnet Asset Management Inc. lessened its stake in iShares MSCI EAFE Value ETF (BATS:EFV) by 45.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 32,274,634 shares of the company’s stock after selling 27,383,960 shares during the quarter. Envestnet Asset Management Inc. owned 0.08% of iShares MSCI EAFE Value ETF worth $2,470,622,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EFV. Auto Owners Insurance Co grew its stake in iShares MSCI EAFE Value ETF by 8,167.2% during the fourth quarter. Auto Owners Insurance Co now owns 327,629,080 shares of the company’s stock valued at $2,339,599,000 after acquiring an additional 323,666,080 shares in the last quarter. Bank of America Corp DE lifted its stake in iShares MSCI EAFE Value ETF by 7.7% in the 1st quarter. Bank of America Corp DE now owns 10,342,735 shares of the company’s stock worth $768,982,000 after purchasing an additional 736,906 shares in the last quarter. MML Investors Services LLC lifted its stake in iShares MSCI EAFE Value ETF by 0.5% in the 4th quarter. MML Investors Services LLC now owns 4,480,940 shares of the company’s stock worth $319,984,000 after purchasing an additional 22,903 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of iShares MSCI EAFE Value ETF by 0.5% during the 1st quarter. Cetera Investment Advisers now owns 3,915,091 shares of the company’s stock valued at $291,087,000 after purchasing an additional 20,907 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of iShares MSCI EAFE Value ETF by 2.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,044,443 shares of the company’s stock valued at $226,354,000 after purchasing an additional 85,803 shares during the last quarter.

iShares MSCI EAFE Value ETF Price Performance

Shares of iShares MSCI EAFE Value ETF stock traded down $1.28 during trading on Wednesday, reaching $80.12. 2,175,224 shares of the stock traded hands, compared to its average volume of 3,675,140. The company has a market capitalization of $32.85 billion, a price-to-earnings ratio of 12.17 and a beta of 0.73. The business has a fifty day simple moving average of $81.18 and a two-hundred day simple moving average of $78.24. iShares MSCI EAFE Value ETF has a 52-week low of $66.52 and a 52-week high of $83.22.

iShares MSCI EAFE Value ETF Company Profile

iShares MSCI EAFE Value ETF (the Fund), formerly iShares MSCI EAFE Value Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI EAFE Value Index. The Index is a subset of the MSCI EAFE Index and constituents of the Index include securities from Europe, Australasia (Australia and Asia), and the Far East. The Fund invests in sectors, such as financials, energy, healthcare, telecommunication services, industrials, utilities, consumer discretionary, materials, information technology and consumer staples.