Purpose Unlimited Inc. Takes $13.98 Million Position in iShares MSCI EAFE Min Vol Factor ETF $EFAV

Purpose Unlimited Inc. bought a new position in iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV) during the fourth quarter, Holdings Channel reports. The fund bought 162,147 shares of the company’s stock, valued at approximately $13,985,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Morgan Stanley lifted its position in iShares MSCI EAFE Min Vol Factor ETF by 9.0% during the 4th quarter. Morgan Stanley now owns 2,310,102 shares of the company’s stock valued at $199,246,000 after acquiring an additional 190,252 shares during the period. Ameriprise Financial Inc. grew its holdings in iShares MSCI EAFE Min Vol Factor ETF by 32.6% in the second quarter. Ameriprise Financial Inc. now owns 767,283 shares of the company’s stock worth $64,520,000 after purchasing an additional 188,461 shares during the period. UBS Group AG increased its stake in shares of iShares MSCI EAFE Min Vol Factor ETF by 9.5% during the third quarter. UBS Group AG now owns 712,195 shares of the company’s stock valued at $60,416,000 after purchasing an additional 61,925 shares in the last quarter. Sei Investments Co. increased its stake in shares of iShares MSCI EAFE Min Vol Factor ETF by 1.8% during the third quarter. Sei Investments Co. now owns 633,870 shares of the company’s stock valued at $53,766,000 after purchasing an additional 10,997 shares in the last quarter. Finally, Raymond James Financial Inc. increased its stake in shares of iShares MSCI EAFE Min Vol Factor ETF by 4.6% during the second quarter. Raymond James Financial Inc. now owns 439,656 shares of the company’s stock valued at $36,957,000 after purchasing an additional 19,227 shares in the last quarter.

iShares MSCI EAFE Min Vol Factor ETF Stock Performance

EFAV stock opened at $87.38 on Friday. The firm has a 50 day moving average price of $90.98 and a 200-day moving average price of $89.95. iShares MSCI EAFE Min Vol Factor ETF has a 52-week low of $81.66 and a 52-week high of $95.13. The firm has a market capitalization of $5.71 billion, a price-to-earnings ratio of 16.91 and a beta of 0.57.

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.