Concurrent Investment Advisors LLC Sells 6,518 Shares of iShares MSCI EAFE Min Vol Factor ETF $EFAV

Concurrent Investment Advisors LLC lessened its stake in shares of iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV) by 35.8% in the third quarter, Holdings Channel reports. The institutional investor owned 11,683 shares of the company’s stock after selling 6,518 shares during the period. Concurrent Investment Advisors LLC’s holdings in iShares MSCI EAFE Min Vol Factor ETF were worth $991,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its holdings in shares of iShares MSCI EAFE Min Vol Factor ETF by 0.7% during the second quarter. Envestnet Asset Management Inc. now owns 1,571,782 shares of the company’s stock valued at $132,123,000 after acquiring an additional 11,087 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in iShares MSCI EAFE Min Vol Factor ETF by 1.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,243,810 shares of the company’s stock valued at $104,555,000 after purchasing an additional 13,404 shares during the last quarter. Ameriprise Financial Inc. increased its stake in iShares MSCI EAFE Min Vol Factor ETF by 32.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 767,283 shares of the company’s stock valued at $64,520,000 after purchasing an additional 188,461 shares in the last quarter. Sei Investments Co. increased its stake in iShares MSCI EAFE Min Vol Factor ETF by 7.1% during the 2nd quarter. Sei Investments Co. now owns 622,873 shares of the company’s stock valued at $52,357,000 after purchasing an additional 41,032 shares in the last quarter. Finally, Portfolio Design Labs LLC purchased a new position in iShares MSCI EAFE Min Vol Factor ETF in the second quarter worth about $45,806,000.

iShares MSCI EAFE Min Vol Factor ETF Stock Performance

Shares of BATS EFAV opened at $87.32 on Friday. The firm’s 50 day moving average price is $86.21 and its 200-day moving average price is $85.13. iShares MSCI EAFE Min Vol Factor ETF has a 52-week low of $69.19 and a 52-week high of $85.52. The company has a market cap of $5.70 billion, a PE ratio of 16.91 and a beta of 0.57.

About iShares MSCI EAFE Min Vol Factor ETF

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.