Parallel Advisors LLC Trims Stock Position in iShares MSCI EAFE Min Vol Factor ETF $EFAV

Parallel Advisors LLC lessened its stake in iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV) by 81.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,739 shares of the company’s stock after selling 16,015 shares during the quarter. Parallel Advisors LLC’s holdings in iShares MSCI EAFE Min Vol Factor ETF were worth $342,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of EFAV. Morgan Stanley raised its position in iShares MSCI EAFE Min Vol Factor ETF by 9.0% during the fourth 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 in the last quarter. Ameriprise Financial Inc. boosted its position in iShares MSCI EAFE Min Vol Factor ETF by 32.6% in the 2nd 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 in the last quarter. UBS Group AG grew its stake in shares of iShares MSCI EAFE Min Vol Factor ETF by 9.5% during the 3rd quarter. UBS Group AG now owns 712,195 shares of the company’s stock worth $60,416,000 after purchasing an additional 61,925 shares during the period. Sei Investments Co. grew its stake in shares of iShares MSCI EAFE Min Vol Factor ETF by 1.8% during the 3rd quarter. Sei Investments Co. now owns 633,870 shares of the company’s stock worth $53,766,000 after purchasing an additional 10,997 shares during the period. Finally, Raymond James Financial Inc. increased its holdings in shares of iShares MSCI EAFE Min Vol Factor ETF by 4.6% during the 2nd 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 Price Performance

EFAV opened at $93.49 on Wednesday. The firm has a fifty day moving average price of $90.08 and a 200 day moving average price of $90.99. iShares MSCI EAFE Min Vol Factor ETF has a 1 year low of $83.36 and a 1 year high of $95.13. The stock has a market cap of $6.10 billion, a P/E ratio of 16.91 and a beta of 0.57.

iShares MSCI EAFE Min Vol Factor ETF 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.