Northwestern Mutual Wealth Management Co. Increases Position in iShares MSCI EAFE ETF $EFA

Northwestern Mutual Wealth Management Co. grew its holdings in iShares MSCI EAFE ETF (NYSEARCA:EFA) by 1.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,499,226 shares of the exchange traded fund’s stock after acquiring an additional 38,518 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares MSCI EAFE ETF were worth $240,001,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in EFA. Horizon Investments LLC raised its holdings in shares of iShares MSCI EAFE ETF by 2,520.0% in the fourth quarter. Horizon Investments LLC now owns 262 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 252 shares during the last quarter. MMA Asset Management LLC purchased a new stake in shares of iShares MSCI EAFE ETF in the third quarter valued at about $34,000. GoalVest Advisory LLC raised its stake in shares of iShares MSCI EAFE ETF by 106.4% during the fourth quarter. GoalVest Advisory LLC now owns 388 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 200 shares during the last quarter. Toth Financial Advisory Corp purchased a new stake in shares of iShares MSCI EAFE ETF during the fourth quarter worth approximately $41,000. Finally, Strategic Wealth Advisors LLC purchased a new stake in shares of iShares MSCI EAFE ETF during the fourth quarter worth approximately $43,000. 79.80% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI EAFE ETF Price Performance

iShares MSCI EAFE ETF stock opened at $104.69 on Friday. iShares MSCI EAFE ETF has a 12 month low of $85.68 and a 12 month high of $105.94. The business has a 50 day simple moving average of $100.97 and a 200-day simple moving average of $99.40. The stock has a market capitalization of $77.26 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.