Envestnet Asset Management Inc. Sells 27,383,960 Shares of iShares MSCI EAFE Value ETF $EFV

Envestnet Asset Management Inc. reduced its position in iShares MSCI EAFE Value ETF (BATS:EFV) by 45.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,274,634 shares of the company’s stock after selling 27,383,960 shares during the quarter. Envestnet Asset Management Inc. owned approximately 7.87% of iShares MSCI EAFE Value ETF worth $2,470,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of EFV. Auto Owners Insurance Co raised its position in shares of iShares MSCI EAFE Value ETF by 8,167.2% during the 4th quarter. Auto Owners Insurance Co now owns 327,629,080 shares of the company’s stock valued at $2,339,599,000 after purchasing an additional 323,666,080 shares during the period. Bank of America Corp DE increased its stake in iShares MSCI EAFE Value ETF by 7.7% in the 1st quarter. Bank of America Corp DE now owns 10,342,735 shares of the company’s stock worth $768,982,000 after buying an additional 736,906 shares in the last quarter. MML Investors Services LLC increased its stake in iShares MSCI EAFE Value ETF by 0.5% in the 4th quarter. MML Investors Services LLC now owns 4,480,940 shares of the company’s stock worth $319,984,000 after buying an additional 22,903 shares in the last quarter. Cetera Investment Advisers raised its holdings in iShares MSCI EAFE Value ETF by 0.5% during the first quarter. Cetera Investment Advisers now owns 3,915,091 shares of the company’s stock valued at $291,087,000 after acquiring an additional 20,907 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in iShares MSCI EAFE Value ETF by 2.9% during the first quarter. PNC Financial Services Group Inc. now owns 3,044,443 shares of the company’s stock valued at $226,354,000 after acquiring an additional 85,803 shares during the period.

iShares MSCI EAFE Value ETF Stock Performance

Shares of iShares MSCI EAFE Value ETF stock traded down $1.28 during trading hours on Wednesday, hitting $80.12. The company’s stock had a trading volume of 2,175,224 shares, compared to its average volume of 3,675,140. The business has a 50 day moving average price of $81.18 and a two-hundred day moving average price of $78.24. iShares MSCI EAFE Value ETF has a 12-month low of $66.52 and a 12-month high of $83.22. The company has a market cap of $32.85 billion, a PE ratio of 12.17 and a beta of 0.73.

iShares MSCI EAFE Value ETF Profile

iShares MSCI EAFE Value ETF (the Fund), formerly iShares MSCI EAFE Value Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI EAFE Value Index. The Index is a subset of the MSCI EAFE Index and constituents of the Index include securities from Europe, Australasia (Australia and Asia), and the Far East. The Fund invests in sectors, such as financials, energy, healthcare, telecommunication services, industrials, utilities, consumer discretionary, materials, information technology and consumer staples.