Financial Discovery Group Inc. Invests $1.61 Million in iShares MSCI EAFE ETF $EFA

Financial Discovery Group Inc. acquired a new stake in iShares MSCI EAFE ETF (NYSEARCA:EFA) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,541 shares of the exchange traded fund’s stock, valued at approximately $1,607,000. iShares MSCI EAFE ETF accounts for about 3.8% of Financial Discovery Group Inc.’s investment portfolio, making the stock its 9th biggest holding.

A number of other institutional investors have also recently made changes to their positions in EFA. True North Advisors LLC grew its stake in shares of iShares MSCI EAFE ETF by 16.6% in the first quarter. True North Advisors LLC now owns 8,003 shares of the exchange traded fund’s stock worth $777,000 after acquiring an additional 1,137 shares in the last quarter. Spartan Wealth Advisory Services LLC acquired a new stake in shares of iShares MSCI EAFE ETF in the first quarter valued at $2,064,000. Arjuna Capital acquired a new stake in shares of iShares MSCI EAFE ETF in the first quarter valued at $42,000. Tandem Wealth Advisors LLC boosted its holdings in iShares MSCI EAFE ETF by 3.0% in the first quarter. Tandem Wealth Advisors LLC now owns 235,056 shares of the exchange traded fund’s stock valued at $22,831,000 after purchasing an additional 6,741 shares during the period. Finally, ANB Bank boosted its holdings in iShares MSCI EAFE ETF by 2.4% in the first quarter. ANB Bank now owns 159,795 shares of the exchange traded fund’s stock valued at $15,521,000 after purchasing an additional 3,672 shares during the period. Institutional investors and hedge funds own 79.80% of the company’s stock.

iShares MSCI EAFE ETF Price Performance

EFA opened at $103.33 on Friday. The business has a fifty day moving average price of $103.78 and a 200 day moving average price of $101.57. iShares MSCI EAFE ETF has a 12 month low of $86.74 and a 12 month high of $105.94. The stock has a market capitalization of $76.51 billion, a price-to-earnings 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.