Modern Wealth Management LLC Decreases Stock Holdings in iShares MSCI EAFE ETF $EFA

Modern Wealth Management LLC reduced its stake in shares of iShares MSCI EAFE ETF (NYSEARCA:EFA) by 89.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,135 shares of the exchange traded fund’s stock after selling 359,152 shares during the period. Modern Wealth Management LLC’s holdings in iShares MSCI EAFE ETF were worth $3,958,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Horizon Investments LLC increased its holdings in shares of iShares MSCI EAFE ETF by 2,520.0% in the fourth 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 during the last quarter. Hilton Head Capital Partners LLC acquired a new position in iShares MSCI EAFE ETF during the fourth quarter worth $26,000. Atlas Capital Advisors Inc. acquired a new position in iShares MSCI EAFE ETF during the fourth quarter worth $29,000. Scarborough Advisors LLC acquired a new position in iShares MSCI EAFE ETF during the first quarter worth $33,000. Finally, GeoWealth Management LLC purchased a new stake in iShares MSCI EAFE ETF in the 4th quarter valued at $37,000. 79.80% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI EAFE ETF Stock Up 0.5%

Shares of NYSEARCA:EFA opened at $103.41 on Friday. iShares MSCI EAFE ETF has a 52-week low of $86.74 and a 52-week high of $105.94. The stock has a market cap of $76.44 billion, a P/E ratio of 16.48 and a beta of 0.78. The business has a fifty day moving average of $103.80 and a two-hundred day moving average of $101.82.

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.