Parallel Advisors LLC Reduces Holdings in iShares MSCI EAFE Min Vol Factor ETF $EFAV

Parallel Advisors LLC trimmed its holdings in shares of iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV) by 81.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 3,739 shares of the company’s stock after selling 16,015 shares during the quarter. Parallel Advisors LLC’s holdings in iShares MSCI EAFE Min Vol Factor ETF were worth $342,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EFAV. Thurston Springer Miller Herd & Titak Inc. raised its position in iShares MSCI EAFE Min Vol Factor ETF by 5,720.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 291 shares of the company’s stock worth $25,000 after acquiring an additional 286 shares during the period. Wealth Watch Advisors INC purchased a new position in shares of iShares MSCI EAFE Min Vol Factor ETF during the 3rd quarter worth $30,000. Princeton Global Asset Management LLC grew its position in shares of iShares MSCI EAFE Min Vol Factor ETF by 3,118.2% during the 4th quarter. Princeton Global Asset Management LLC now owns 354 shares of the company’s stock valued at $31,000 after acquiring an additional 343 shares during the period. Dunhill Financial LLC grew its position in shares of iShares MSCI EAFE Min Vol Factor ETF by 1,156.2% during the 4th quarter. Dunhill Financial LLC now owns 402 shares of the company’s stock valued at $35,000 after acquiring an additional 370 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of iShares MSCI EAFE Min Vol Factor ETF during the 1st quarter valued at $53,000.

iShares MSCI EAFE Min Vol Factor ETF Price Performance

BATS:EFAV opened at $90.96 on Monday. iShares MSCI EAFE Min Vol Factor ETF has a one year low of $81.66 and a one year high of $95.13. The business has a fifty day moving average price of $89.64 and a 200-day moving average price of $90.49. The firm has a market capitalization of $5.94 billion, a price-to-earnings ratio of 16.91 and a beta of 0.57.

iShares MSCI EAFE Min Vol Factor ETF Profile

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.