Holderness Investments Co. Trims Position in iShares MSCI EAFE ETF (NYSEARCA:EFA)

Holderness Investments Co. lessened its position in iShares MSCI EAFE ETF (NYSEARCA:EFA) by 43.1% in the 4th quarter, Holdings Channel reports. The fund owned 3,373 shares of the exchange traded fund’s stock after selling 2,550 shares during the period. Holderness Investments Co.’s holdings in iShares MSCI EAFE ETF were worth $255,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in EFA. Noble Wealth Management PBC acquired a new position in shares of iShares MSCI EAFE ETF during the 4th quarter worth $1,353,000. Empowered Funds LLC purchased a new position in iShares MSCI EAFE ETF during the fourth quarter worth approximately $79,000. Proficio Capital Partners LLC acquired a new position in iShares MSCI EAFE ETF in the fourth quarter valued at $972,000. Summit Trail Advisors LLC lifted its stake in shares of iShares MSCI EAFE ETF by 21.6% in the 3rd quarter. Summit Trail Advisors LLC now owns 341,991 shares of the exchange traded fund’s stock valued at $28,601,000 after purchasing an additional 60,685 shares in the last quarter. Finally, Baron Financial Group LLC boosted its position in iShares MSCI EAFE ETF by 3.7% during the 4th quarter. Baron Financial Group LLC now owns 75,556 shares of the exchange traded fund’s stock worth $5,713,000 after purchasing an additional 2,681 shares during the period. Institutional investors and hedge funds own 79.80% of the company’s stock.

iShares MSCI EAFE ETF Stock Performance

EFA stock opened at $83.66 on Friday. The firm has a market cap of $58.78 billion, a P/E ratio of 17.21 and a beta of 0.86. The stock has a 50-day simple moving average of $80.83 and a 200-day simple moving average of $79.93. iShares MSCI EAFE ETF has a 1 year low of $73.91 and a 1 year high of $85.19.

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.