Absolute Gestao de Investimentos Ltda. Increases Stock Holdings in iShares MSCI EAFE ETF $EFA

Absolute Gestao de Investimentos Ltda. increased its stake in iShares MSCI EAFE ETF (NYSEARCA:EFA) by 31.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,040,000 shares of the exchange traded fund’s stock after buying an additional 248,860 shares during the quarter. iShares MSCI EAFE ETF makes up 11.5% of Absolute Gestao de Investimentos Ltda.’s holdings, making the stock its 2nd biggest position. Absolute Gestao de Investimentos Ltda.’s holdings in iShares MSCI EAFE ETF were worth $101,015,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its holdings in iShares MSCI EAFE ETF by 359.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 11,306,948 shares of the exchange traded fund’s stock valued at $1,085,806,000 after acquiring an additional 8,846,240 shares during the period. Morgan Stanley grew its holdings in iShares MSCI EAFE ETF by 15.5% in the 4th quarter. Morgan Stanley now owns 31,617,599 shares of the exchange traded fund’s stock valued at $3,036,238,000 after buying an additional 4,244,605 shares in the last quarter. Bank of America Corp DE grew its holdings in iShares MSCI EAFE ETF by 9.5% in the 4th quarter. Bank of America Corp DE now owns 40,215,965 shares of the exchange traded fund’s stock valued at $3,861,939,000 after buying an additional 3,481,849 shares in the last quarter. Fifth Third Bancorp increased its position in iShares MSCI EAFE ETF by 214.8% during the 1st quarter. Fifth Third Bancorp now owns 3,734,895 shares of the exchange traded fund’s stock worth $362,770,000 after buying an additional 2,548,421 shares during the period. Finally, Valpey Financial Services LLC increased its position in iShares MSCI EAFE ETF by 9,468.5% during the 4th quarter. Valpey Financial Services LLC now owns 2,091,588 shares of the exchange traded fund’s stock worth $200,855,000 after buying an additional 2,069,729 shares during the period. 79.80% of the stock is owned by institutional investors.

iShares MSCI EAFE ETF Stock Performance

EFA opened at $103.41 on Friday. The stock has a fifty day moving average of $103.80 and a 200-day moving average of $101.82. The company has a market capitalization of $76.44 billion, a P/E ratio of 16.48 and a beta of 0.78. iShares MSCI EAFE ETF has a fifty-two week low of $86.74 and a fifty-two week high of $105.94.

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.