Bank of Nova Scotia Boosts Holdings in iShares MSCI EAFE ETF $EFA

Bank of Nova Scotia raised its position in iShares MSCI EAFE ETF (NYSEARCA:EFA) by 161.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,618,956 shares of the exchange traded fund’s stock after acquiring an additional 999,705 shares during the quarter. Bank of Nova Scotia’s holdings in iShares MSCI EAFE ETF were worth $157,250,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Gibbs Wealth Management purchased a new stake in shares of iShares MSCI EAFE ETF in the first quarter valued at about $247,000. Alamar Capital Management LLC acquired a new position in shares of iShares MSCI EAFE ETF during the first quarter worth about $10,228,000. Ascension Capital Advisors Inc. purchased a new position in iShares MSCI EAFE ETF during the first quarter worth about $314,000. Mizuho Markets Cayman LP purchased a new position in iShares MSCI EAFE ETF during the first quarter worth about $590,000. Finally, First Trust Advisors LP lifted its position in iShares MSCI EAFE ETF by 7.3% in the first quarter. First Trust Advisors LP now owns 6,980 shares of the exchange traded fund’s stock valued at $678,000 after purchasing an additional 473 shares during the period. Institutional investors and hedge funds own 79.80% of the company’s stock.

iShares MSCI EAFE ETF Trading Down 1.3%

Shares of EFA opened at $102.90 on Friday. iShares MSCI EAFE ETF has a twelve month low of $86.74 and a twelve month high of $105.94. The stock’s 50 day moving average is $103.77 and its two-hundred day moving average is $101.80. The firm has a market capitalization of $76.06 billion, a PE ratio of 16.48 and a beta of 0.78.

iShares MSCI EAFE ETF Profile

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.