Janney Montgomery Scott LLC Sells 678 Shares of iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV)

Janney Montgomery Scott LLC reduced its stake in iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV) by 3.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 18,601 shares of the company’s stock after selling 678 shares during the period. Janney Montgomery Scott LLC’s holdings in iShares MSCI EAFE Min Vol Factor ETF were worth $1,449,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of EFAV. Raymond James Financial Inc. bought a new position in shares of iShares MSCI EAFE Min Vol Factor ETF during the fourth quarter valued at approximately $29,176,000. Bank of America Corp DE increased its stake in shares of iShares MSCI EAFE Min Vol Factor ETF by 0.9% during the fourth quarter. Bank of America Corp DE now owns 22,974,021 shares of the company’s stock valued at $1,624,493,000 after purchasing an additional 205,435 shares in the last quarter. World Investment Advisors increased its stake in shares of iShares MSCI EAFE Min Vol Factor ETF by 1,411.3% during the fourth quarter. World Investment Advisors now owns 58,531 shares of the company’s stock valued at $4,139,000 after purchasing an additional 54,658 shares in the last quarter. Moulton Wealth Management Inc. bought a new position in shares of iShares MSCI EAFE Min Vol Factor ETF during the first quarter valued at approximately $4,039,000. Finally, Sequoia Financial Advisors LLC increased its stake in shares of iShares MSCI EAFE Min Vol Factor ETF by 1,305.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 47,413 shares of the company’s stock valued at $3,353,000 after purchasing an additional 44,040 shares in the last quarter.

iShares MSCI EAFE Min Vol Factor ETF Stock Up 19.5%

BATS:EFAV opened at $83.63 on Friday. The company’s 50 day moving average price is $83.06 and its 200-day moving average price is $77.34. iShares MSCI EAFE Min Vol Factor ETF has a 52 week low of $69.12 and a 52 week high of $85.52. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 17.15 and a beta of 0.57.

iShares MSCI EAFE Min Vol Factor ETF Company 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.