The Manufacturers Life Insurance Company Buys 48,862 Shares of iShares MSCI EAFE ETF $EFA

The Manufacturers Life Insurance Company raised its stake in shares of iShares MSCI EAFE ETF (NYSEARCA:EFA) by 21.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 277,678 shares of the exchange traded fund’s stock after purchasing an additional 48,862 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in iShares MSCI EAFE ETF were worth $26,971,000 at the end of the most recent reporting period.

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

iShares MSCI EAFE ETF Price Performance

Shares of EFA opened at $105.58 on Friday. The company has a 50-day simple moving average of $103.93 and a two-hundred day simple moving average of $102.04. The firm has a market capitalization of $78.04 billion, a PE ratio of 16.48 and a beta of 0.78. iShares MSCI EAFE ETF has a one year low of $86.74 and a one year high of $106.32.

iShares MSCI EAFE ETF 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.