Independent Financial Group LLC Makes New Investment in iShares MSCI EAFE Min Vol Factor ETF $EFAV

Independent Financial Group LLC purchased a new position in iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 8,687 shares of the company’s stock, valued at approximately $794,000.

Other hedge funds also recently added to or reduced their stakes in the company. Breakwater Capital Group lifted its position in iShares MSCI EAFE Min Vol Factor ETF by 0.6% in the 1st quarter. Breakwater Capital Group now owns 19,516 shares of the company’s stock valued at $1,783,000 after purchasing an additional 113 shares during the last quarter. Integrated Advisors Network LLC increased its stake in shares of iShares MSCI EAFE Min Vol Factor ETF by 2.9% in the first quarter. Integrated Advisors Network LLC now owns 4,574 shares of the company’s stock valued at $418,000 after purchasing an additional 129 shares during the period. Joel Isaacson & Co. LLC raised its holdings in shares of iShares MSCI EAFE Min Vol Factor ETF by 1.4% during the fourth quarter. Joel Isaacson & Co. LLC now owns 10,258 shares of the company’s stock valued at $885,000 after buying an additional 138 shares during the last quarter. Brown Wealth Management LLC raised its holdings in shares of iShares MSCI EAFE Min Vol Factor ETF by 0.7% during the fourth quarter. Brown Wealth Management LLC now owns 20,821 shares of the company’s stock valued at $1,796,000 after buying an additional 144 shares during the last quarter. Finally, Harbour Investments Inc. boosted its position in shares of iShares MSCI EAFE Min Vol Factor ETF by 8.4% during the fourth quarter. Harbour Investments Inc. now owns 2,010 shares of the company’s stock worth $173,000 after buying an additional 155 shares during the period.

iShares MSCI EAFE Min Vol Factor ETF Price Performance

Shares of EFAV stock opened at $90.67 on Wednesday. iShares MSCI EAFE Min Vol Factor ETF has a 12-month low of $81.66 and a 12-month high of $95.13. The firm has a market capitalization of $5.92 billion, a price-to-earnings ratio of 16.91 and a beta of 0.57. The business has a 50 day simple moving average of $89.65 and a 200 day simple moving average of $90.41.

About iShares MSCI EAFE Min Vol Factor ETF

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.