iShares MSCI EAFE ETF $EFA Shares Sold by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. lessened its holdings in shares of iShares MSCI EAFE ETF (NYSEARCA:EFA) by 52.7% during the second quarter, HoldingsChannel reports. The firm owned 73,784 shares of the exchange traded fund’s stock after selling 82,104 shares during the quarter. Rakuten Investment Management Inc.’s holdings in iShares MSCI EAFE ETF were worth $7,633,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Independent Wealth Network Inc. increased its stake in iShares MSCI EAFE ETF by 0.9% in the first quarter. Independent Wealth Network Inc. now owns 11,480 shares of the exchange traded fund’s stock valued at $1,115,000 after purchasing an additional 99 shares during the last quarter. Topsail Wealth Management LLC lifted its position in iShares MSCI EAFE ETF by 0.4% during the first quarter. Topsail Wealth Management LLC now owns 24,254 shares of the exchange traded fund’s stock worth $2,356,000 after buying an additional 100 shares during the period. Palisade Asset Management LLC boosted its stake in iShares MSCI EAFE ETF by 0.3% in the 4th quarter. Palisade Asset Management LLC now owns 36,882 shares of the exchange traded fund’s stock worth $3,542,000 after buying an additional 101 shares during the last quarter. Financial Insights Inc. boosted its stake in iShares MSCI EAFE ETF by 2.5% in the 1st quarter. Financial Insights Inc. now owns 4,158 shares of the exchange traded fund’s stock worth $404,000 after buying an additional 103 shares during the last quarter. Finally, Atalanta Sosnoff Capital LLC grew its holdings in iShares MSCI EAFE ETF by 2.2% in the 4th quarter. Atalanta Sosnoff Capital LLC now owns 4,961 shares of the exchange traded fund’s stock valued at $476,000 after buying an additional 105 shares during the period. Institutional investors and hedge funds own 79.80% of the company’s stock.

iShares MSCI EAFE ETF Price Performance

NYSEARCA EFA opened at $107.72 on Friday. iShares MSCI EAFE ETF has a 12 month low of $90.04 and a 12 month high of $108.89. The company has a 50-day moving average of $105.46 and a 200-day moving average of $103.11. The company has a market cap of $79.63 billion, a P/E ratio of 16.48 and a beta of 0.78.

About iShares MSCI EAFE ETF

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.