Lazard Asset Management LLC Reduces Holdings in iShares MSCI EAFE ETF $EFA

Lazard Asset Management LLC reduced its position in shares of iShares MSCI EAFE ETF (NYSEARCA:EFA) by 70.3% during the first quarter, HoldingsChannel reports. The firm owned 78,313 shares of the exchange traded fund’s stock after selling 185,616 shares during the quarter. Lazard Asset Management LLC’s holdings in iShares MSCI EAFE ETF were worth $7,607,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Horizon Investments LLC boosted its holdings in 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 purchasing an additional 252 shares during the last quarter. Hilton Head Capital Partners LLC purchased a new stake in iShares MSCI EAFE ETF during the 4th quarter worth approximately $26,000. Atlas Capital Advisors Inc. purchased a new stake in iShares MSCI EAFE ETF during the 4th quarter worth approximately $29,000. Scarborough Advisors LLC acquired a new position in shares of iShares MSCI EAFE ETF in the 1st quarter valued at approximately $33,000. Finally, GeoWealth Management LLC acquired a new position in shares of iShares MSCI EAFE ETF in the 4th quarter valued at approximately $37,000. 79.80% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI EAFE ETF Trading Up 2.8%

iShares MSCI EAFE ETF stock opened at $106.24 on Friday. iShares MSCI EAFE ETF has a 52 week low of $86.74 and a 52 week high of $106.32. The stock has a market cap of $78.53 billion, a P/E ratio of 16.48 and a beta of 0.78. The stock has a 50 day moving average of $103.90 and a 200-day moving average of $102.01.

About iShares MSCI EAFE ETF

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.