M1 Capital Management LLC Boosts Stake in iShares MSCI EAFE ETF $EFA

M1 Capital Management LLC lifted its holdings in iShares MSCI EAFE ETF (NYSEARCA:EFA) by 611.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,372 shares of the exchange traded fund’s stock after buying an additional 45,015 shares during the period. iShares MSCI EAFE ETF makes up 2.4% of M1 Capital Management LLC’s holdings, making the stock its 12th biggest position. M1 Capital Management LLC’s holdings in iShares MSCI EAFE ETF were worth $4,682,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Goldman Sachs Group Inc. raised its stake in iShares MSCI EAFE ETF by 20.2% during the first quarter. Goldman Sachs Group Inc. now owns 46,571,506 shares of the exchange traded fund’s stock worth $3,806,289,000 after purchasing an additional 7,811,598 shares during the period. TD Asset Management Inc raised its stake in iShares MSCI EAFE ETF by 29.7% during the first quarter. TD Asset Management Inc now owns 8,517,440 shares of the exchange traded fund’s stock worth $696,130,000 after purchasing an additional 1,949,126 shares during the period. Sand Hill Global Advisors LLC raised its stake in iShares MSCI EAFE ETF by 3.5% during the first quarter. Sand Hill Global Advisors LLC now owns 2,825,948 shares of the exchange traded fund’s stock worth $230,965,000 after purchasing an additional 96,306 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in iShares MSCI EAFE ETF by 2.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,343,426 shares of the exchange traded fund’s stock worth $191,528,000 after purchasing an additional 46,879 shares during the period. Finally, Mackenzie Financial Corp raised its stake in iShares MSCI EAFE ETF by 7.3% during the first quarter. Mackenzie Financial Corp now owns 2,231,792 shares of the exchange traded fund’s stock worth $182,404,000 after purchasing an additional 151,364 shares during the period. 79.80% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI EAFE ETF Price Performance

Shares of EFA stock opened at $93.97 on Friday. The firm’s 50-day moving average is $92.17 and its two-hundred day moving average is $88.11. iShares MSCI EAFE ETF has a 12 month low of $72.14 and a 12 month high of $95.53. The company has a market capitalization of $67.77 billion, a PE ratio of 16.48 and a beta of 0.86.

iShares MSCI EAFE ETF 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.