Palladiem LLC Takes Position in SPDR MSCI EAFE StrategicFactors ETF $QEFA

Palladiem LLC purchased a new stake in SPDR MSCI EAFE StrategicFactors ETF (NYSEARCA:QEFA) in the fourth quarter, HoldingsChannel reports. The firm purchased 72,810 shares of the company’s stock, valued at approximately $6,631,000. SPDR MSCI EAFE StrategicFactors ETF comprises about 6.3% of Palladiem LLC’s portfolio, making the stock its 4th largest position.

A number of other institutional investors and hedge funds also recently modified their holdings of QEFA. JPMorgan Chase & Co. increased its stake in shares of SPDR MSCI EAFE StrategicFactors ETF by 217.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 913 shares of the company’s stock valued at $78,000 after acquiring an additional 625 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of SPDR MSCI EAFE StrategicFactors ETF in the 2nd quarter valued at about $119,000. Bridgewealth Advisory Group LLC bought a new stake in shares of SPDR MSCI EAFE StrategicFactors ETF in the 4th quarter valued at about $204,000. AQR Capital Management LLC bought a new stake in shares of SPDR MSCI EAFE StrategicFactors ETF in the 1st quarter valued at about $218,000. Finally, Collaborative Wealth Managment Inc. bought a new stake in shares of SPDR MSCI EAFE StrategicFactors ETF in the 3rd quarter valued at about $226,000.

SPDR MSCI EAFE StrategicFactors ETF Price Performance

Shares of QEFA stock opened at $94.45 on Friday. The stock has a market cap of $1.05 billion, a PE ratio of 15.98 and a beta of 0.68. The stock has a 50-day moving average of $96.22 and a 200-day moving average of $94.12. SPDR MSCI EAFE StrategicFactors ETF has a one year low of $82.33 and a one year high of $100.17.

About SPDR MSCI EAFE StrategicFactors ETF

The SPDR MSCI EAFE StrategicFactors ETF (QEFA) is an exchange-traded fund that is based on the MSCI EAFE Factor Mix A-Series (USD) index. The fund tracks an index of securities from developed markets in Europe, Australia and the Far East. The index equal-weights 3 subindexes: value, minimum volatility and quality. QEFA was launched on Jun 4, 2014 and is managed by State Street.