Cim Investment Management Inc. cut its holdings in shares of iShares MSCI EAFE ETF (NYSEARCA:EFA) by 0.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,110 shares of the exchange traded fund’s stock after selling 432 shares during the period. iShares MSCI EAFE ETF comprises approximately 1.6% of Cim Investment Management Inc.’s investment portfolio, making the stock its 8th biggest position. Cim Investment Management Inc.’s holdings in iShares MSCI EAFE ETF were worth $5,294,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EFA. Bradley & Co. Private Wealth Management LLC bought a new position in shares of iShares MSCI EAFE ETF in the 1st quarter valued at $27,000. Alaethes Wealth LLC bought a new position in shares of iShares MSCI EAFE ETF in the 2nd quarter valued at $28,000. Lee Financial Co bought a new position in shares of iShares MSCI EAFE ETF in the 2nd quarter valued at $31,000. Lake Point Wealth Management bought a new position in shares of iShares MSCI EAFE ETF in the 2nd quarter valued at $32,000. Finally, Evolution Wealth Advisors LLC bought a new position in shares of iShares MSCI EAFE ETF in the 2nd quarter valued at $35,000. Hedge funds and other institutional investors own 75.80% of the company’s stock.
Shares of EFA traded up $0.72 during trading hours on Thursday, reaching $79.26. The stock had a trading volume of 1,414,005 shares, compared to its average volume of 30,615,978. iShares MSCI EAFE ETF has a 12 month low of $60.97 and a 12 month high of $82.29. The company’s 50-day moving average is $80.09 and its two-hundred day moving average is $79.53.
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.
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