Keudell Morrison Wealth Management Invests $1.13 Million in iShares MSCI EAFE ETF $EFA

Keudell Morrison Wealth Management acquired a new position in iShares MSCI EAFE ETF (NYSEARCA:EFA) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 11,738 shares of the exchange traded fund’s stock, valued at approximately $1,127,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EFA. Northwestern Mutual Wealth Management Co. boosted its holdings in iShares MSCI EAFE ETF by 359.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 11,306,948 shares of the exchange traded fund’s stock worth $1,085,806,000 after buying an additional 8,846,240 shares in the last quarter. Causeway Capital Management LLC raised its position in iShares MSCI EAFE ETF by 70,110.5% during the third quarter. Causeway Capital Management LLC now owns 4,959,667 shares of the exchange traded fund’s stock worth $463,084,000 after acquiring an additional 4,952,603 shares during the period. Bessemer Group Inc. raised its position in iShares MSCI EAFE ETF by 87.0% during the third quarter. Bessemer Group Inc. now owns 4,430,239 shares of the exchange traded fund’s stock worth $413,652,000 after acquiring an additional 2,061,536 shares during the period. Northwestern Mutual Investment Management Company LLC raised its position in iShares MSCI EAFE ETF by 13.9% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 15,736,766 shares of the exchange traded fund’s stock worth $1,511,202,000 after acquiring an additional 1,922,902 shares during the period. Finally, SG Americas Securities LLC raised its position in iShares MSCI EAFE ETF by 321.9% during the fourth quarter. SG Americas Securities LLC now owns 1,603,139 shares of the exchange traded fund’s stock worth $153,949,000 after acquiring an additional 1,223,126 shares during the period. Institutional investors and hedge funds own 79.80% of the company’s stock.

iShares MSCI EAFE ETF Stock Performance

NYSEARCA:EFA opened at $104.19 on Friday. The company has a fifty day moving average of $100.31 and a two-hundred day moving average of $99.04. The stock has a market capitalization of $76.89 billion, a PE ratio of 16.48 and a beta of 0.78. iShares MSCI EAFE ETF has a fifty-two week low of $85.68 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.