Rehmann Capital Advisory Group Reduces Stock Position in iShares MSCI EAFE Min Vol Factor ETF $EFAV

Rehmann Capital Advisory Group lowered its stake in iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV) by 66.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,977 shares of the company’s stock after selling 70,665 shares during the quarter. Rehmann Capital Advisory Group’s holdings in iShares MSCI EAFE Min Vol Factor ETF were worth $3,051,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in EFAV. Brighton Jones LLC grew its holdings in shares of iShares MSCI EAFE Min Vol Factor ETF by 41.7% in the fourth quarter. Brighton Jones LLC now owns 3,780 shares of the company’s stock worth $267,000 after acquiring an additional 1,112 shares during the period. AQR Capital Management LLC purchased a new position in iShares MSCI EAFE Min Vol Factor ETF in the first quarter worth about $1,113,000. Prospera Financial Services Inc grew its stake in shares of iShares MSCI EAFE Min Vol Factor ETF by 5.5% during the 2nd quarter. Prospera Financial Services Inc now owns 7,310 shares of the company’s stock valued at $615,000 after purchasing an additional 383 shares during the period. Allworth Financial LP grew its stake in shares of iShares MSCI EAFE Min Vol Factor ETF by 2.2% during the 2nd quarter. Allworth Financial LP now owns 16,410 shares of the company’s stock valued at $1,379,000 after purchasing an additional 346 shares during the period. Finally, Hibernia Wealth Partners LLC increased its position in shares of iShares MSCI EAFE Min Vol Factor ETF by 101.2% during the 2nd quarter. Hibernia Wealth Partners LLC now owns 8,053 shares of the company’s stock valued at $677,000 after purchasing an additional 4,051 shares during the last quarter.

iShares MSCI EAFE Min Vol Factor ETF Price Performance

Shares of BATS:EFAV traded up $0.45 during trading on Friday, hitting $90.54. The company’s stock had a trading volume of 45,104 shares, compared to its average volume of 596,494. The firm has a market cap of $5.91 billion, a price-to-earnings ratio of 16.91 and a beta of 0.57. The company has a 50-day moving average of $90.43 and a 200-day moving average of $87.13. iShares MSCI EAFE Min Vol Factor ETF has a 12 month low of $72.42 and a 12 month high of $95.13.

About iShares MSCI EAFE Min Vol Factor ETF

The iShares MSCI EAFE Min Vol Factor ETF (EFAV) is an exchange-traded fund that is based on the MSCI EAFE Minimum Volatility (USD) index. The fund tracks an index of developed-market equities, ex-US and Canada, selected and weighted to create a low volatility portfolio subject to constraints including sector exposure. EFAV was launched on Oct 18, 2011 and is managed by BlackRock.