Summit Financial Strategies Inc. Sells 8,405 Shares of iShares MSCI EAFE ETF $EFA

Summit Financial Strategies Inc. cut its stake in shares of iShares MSCI EAFE ETF (NYSEARCA:EFA) by 17.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 40,486 shares of the exchange traded fund’s stock after selling 8,405 shares during the period. Summit Financial Strategies Inc.’s holdings in iShares MSCI EAFE ETF were worth $4,206,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of EFA. Horizon Investments LLC grew its stake in iShares MSCI EAFE ETF by 2,520.0% during the fourth quarter. Horizon Investments LLC now owns 262 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 252 shares in the last quarter. Hilton Head Capital Partners LLC bought a new stake in iShares MSCI EAFE ETF during the 4th quarter worth approximately $26,000. Atlas Capital Advisors Inc. purchased a new stake in iShares MSCI EAFE ETF in the 4th quarter worth approximately $29,000. Scarborough Advisors LLC purchased a new stake in iShares MSCI EAFE ETF in the 1st quarter worth approximately $33,000. Finally, GeoWealth Management LLC bought a new position in iShares MSCI EAFE ETF in the 4th quarter valued at $37,000. 79.80% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI EAFE ETF Stock Performance

Shares of EFA stock opened at $107.76 on Wednesday. iShares MSCI EAFE ETF has a 52-week low of $91.21 and a 52-week high of $108.89. The company has a market capitalization of $79.66 billion, a PE ratio of 16.48 and a beta of 0.78. The business’s fifty day moving average is $106.09 and its 200 day moving average is $103.26.

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. 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.