iShares MSCI EAFE ETF $EFA Position Cut by Comerica Bank

Comerica Bank reduced its holdings in iShares MSCI EAFE ETF (NYSEARCA:EFA) by 11.1% during the 3rd quarter, Holdings Channel reports. The fund owned 1,784,194 shares of the exchange traded fund’s stock after selling 222,917 shares during the quarter. iShares MSCI EAFE ETF comprises 0.6% of Comerica Bank’s portfolio, making the stock its 23rd largest holding. Comerica Bank’s holdings in iShares MSCI EAFE ETF were worth $166,590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in EFA. Pineridge Advisors LLC acquired a new stake in iShares MSCI EAFE ETF in the second quarter worth about $25,000. MMA Asset Management LLC acquired a new position in iShares MSCI EAFE ETF during the 3rd quarter valued at about $34,000. Pflug Koory LLC raised its position in shares of iShares MSCI EAFE ETF by 65.9% during the 3rd quarter. Pflug Koory LLC now owns 375 shares of the exchange traded fund’s stock worth $35,000 after buying an additional 149 shares in the last quarter. Versant Capital Management Inc bought a new stake in shares of iShares MSCI EAFE ETF during the 3rd quarter worth about $37,000. Finally, Angeles Investment Advisors LLC acquired a new stake in shares of iShares MSCI EAFE ETF in the 2nd quarter worth approximately $39,000. Institutional investors own 79.80% of the company’s stock.

iShares MSCI EAFE ETF Trading Down 1.2%

Shares of NYSEARCA:EFA opened at $96.30 on Friday. The company has a 50 day moving average of $101.19 and a 200-day moving average of $96.64. The firm has a market cap of $71.07 billion, a P/E ratio of 16.48 and a beta of 0.84. iShares MSCI EAFE ETF has a twelve month low of $72.14 and a twelve month high of $105.94.

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.