Cutler Investment Counsel LLC Reduces Stake in iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV)

Cutler Investment Counsel LLC decreased its position in shares of iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV) by 30.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 182,187 shares of the company’s stock after selling 81,239 shares during the period. iShares MSCI EAFE Min Vol Factor ETF accounts for approximately 1.8% of Cutler Investment Counsel LLC’s portfolio, making the stock its 19th biggest holding. Cutler Investment Counsel LLC’s holdings in iShares MSCI EAFE Min Vol Factor ETF were worth $13,974,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EFAV. Park Avenue Securities LLC increased its position in iShares MSCI EAFE Min Vol Factor ETF by 140.6% during the third quarter. Park Avenue Securities LLC now owns 11,372 shares of the company’s stock worth $872,000 after purchasing an additional 6,646 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in iShares MSCI EAFE Min Vol Factor ETF by 8.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 10,689 shares of the company’s stock valued at $758,000 after purchasing an additional 815 shares during the period. &PARTNERS purchased a new stake in shares of iShares MSCI EAFE Min Vol Factor ETF in the second quarter worth about $475,000. ProVise Management Group LLC boosted its position in shares of iShares MSCI EAFE Min Vol Factor ETF by 2.5% in the second quarter. ProVise Management Group LLC now owns 114,913 shares of the company’s stock worth $7,970,000 after buying an additional 2,775 shares during the period. Finally, Granite Bay Wealth Management LLC acquired a new stake in iShares MSCI EAFE Min Vol Factor ETF in the second quarter valued at approximately $2,309,000.

iShares MSCI EAFE Min Vol Factor ETF Price Performance

iShares MSCI EAFE Min Vol Factor ETF stock traded down $0.10 during midday trading on Friday, hitting $72.13. 574,586 shares of the stock were exchanged. The company has a 50 day moving average price of $75.33 and a two-hundred day moving average price of $73.05. The firm has a market cap of $6.91 billion, a P/E ratio of 16.91 and a beta of 0.53. iShares MSCI EAFE Min Vol Factor ETF has a 1 year low of $64.68 and a 1 year high of $76.51.

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.