Modern Wealth Management LLC Sells 243,342 Shares of iShares MSCI EAFE ETF $EFA

Modern Wealth Management LLC decreased its holdings in shares of iShares MSCI EAFE ETF (NYSEARCA:EFA) by 33.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 487,087 shares of the exchange traded fund’s stock after selling 243,342 shares during the quarter. iShares MSCI EAFE ETF comprises about 0.9% of Modern Wealth Management LLC’s investment portfolio, making the stock its 26th largest position. Modern Wealth Management LLC’s holdings in iShares MSCI EAFE ETF were worth $45,479,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Pineridge Advisors LLC bought a new stake in shares of iShares MSCI EAFE ETF in the 2nd quarter worth about $25,000. MMA Asset Management LLC bought a new position in shares of iShares MSCI EAFE ETF in the 3rd quarter valued at about $34,000. Pflug Koory LLC grew its position in iShares MSCI EAFE ETF by 65.9% in the third quarter. Pflug Koory LLC now owns 375 shares of the exchange traded fund’s stock worth $35,000 after acquiring an additional 149 shares in the last quarter. Addison Advisors LLC increased its stake in iShares MSCI EAFE ETF by 56.6% during the second quarter. Addison Advisors LLC now owns 379 shares of the exchange traded fund’s stock worth $34,000 after acquiring an additional 137 shares during the last quarter. Finally, Versant Capital Management Inc purchased a new stake in iShares MSCI EAFE ETF during the third quarter valued at approximately $37,000. Institutional investors own 79.80% of the company’s stock.

iShares MSCI EAFE ETF Price Performance

NYSEARCA:EFA opened at $98.28 on Friday. The firm has a market capitalization of $72.53 billion, a price-to-earnings ratio of 16.48 and a beta of 0.84. iShares MSCI EAFE ETF has a 1 year low of $72.14 and a 1 year high of $105.94. The business has a 50 day simple moving average of $101.00 and a 200-day simple moving average of $96.44.

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.