Independence Wealth Advisors LLC Has $1.68 Million Stock Holdings in iShares MSCI EAFE ETF $EFA

Independence Wealth Advisors LLC trimmed its stake in shares of iShares MSCI EAFE ETF (NYSEARCA:EFA) by 47.2% in the 1st quarter, HoldingsChannel reports. The firm owned 17,332 shares of the exchange traded fund’s stock after selling 15,489 shares during the quarter. iShares MSCI EAFE ETF makes up about 0.9% of Independence Wealth Advisors LLC’s portfolio, making the stock its 21st biggest position. Independence Wealth Advisors LLC’s holdings in iShares MSCI EAFE ETF were worth $1,683,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Horizon Investments LLC raised its holdings in 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 worth $25,000 after buying an additional 252 shares during the period. Hilton Head Capital Partners LLC acquired a new position in shares of iShares MSCI EAFE ETF in the fourth quarter worth about $26,000. Atlas Capital Advisors Inc. purchased a new position in shares of iShares MSCI EAFE ETF in the fourth quarter worth approximately $29,000. GoalVest Advisory LLC increased its position in shares of iShares MSCI EAFE ETF by 106.4% in the fourth quarter. GoalVest Advisory LLC now owns 388 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 200 shares in the last quarter. Finally, GeoWealth Management LLC purchased a new position in shares of iShares MSCI EAFE ETF in the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 79.80% of the company’s stock.

iShares MSCI EAFE ETF Price Performance

EFA stock opened at $102.26 on Thursday. The firm has a market capitalization of $75.47 billion, a P/E ratio of 16.48 and a beta of 0.78. iShares MSCI EAFE ETF has a 52-week low of $86.74 and a 52-week high of $105.94. The company’s 50 day simple moving average is $103.34 and its 200-day simple moving average is $100.66.

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.