Summit Financial Strategies Inc. Cuts Stake in iShares MSCI EAFE ETF $EFA

Summit Financial Strategies Inc. lessened its stake in shares of iShares MSCI EAFE ETF (NYSEARCA:EFA) by 17.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,486 shares of the exchange traded fund’s stock after selling 8,405 shares during the period. Summit Financial Strategies Inc.’s holdings in iShares MSCI EAFE ETF were worth $4,206,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in EFA. Oarsman Capital Inc. boosted its stake in iShares MSCI EAFE ETF by 1.2% in the second quarter. Oarsman Capital Inc. now owns 8,031 shares of the exchange traded fund’s stock valued at $834,000 after acquiring an additional 98 shares during the last quarter. Independent Wealth Network Inc. increased its stake in shares of iShares MSCI EAFE ETF by 0.9% during the 1st quarter. Independent Wealth Network Inc. now owns 11,480 shares of the exchange traded fund’s stock worth $1,115,000 after purchasing an additional 99 shares during the last quarter. Topsail Wealth Management LLC increased its stake in shares of iShares MSCI EAFE ETF by 0.4% during the 1st quarter. Topsail Wealth Management LLC now owns 24,254 shares of the exchange traded fund’s stock worth $2,356,000 after purchasing an additional 100 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its holdings in shares of iShares MSCI EAFE ETF by 1.3% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 7,700 shares of the exchange traded fund’s stock worth $800,000 after purchasing an additional 100 shares during the period. Finally, Palisade Asset Management LLC raised its holdings in shares of iShares MSCI EAFE ETF by 0.3% in the 4th quarter. Palisade Asset Management LLC now owns 36,882 shares of the exchange traded fund’s stock worth $3,542,000 after purchasing an additional 101 shares during the period. Institutional investors own 79.80% of the company’s stock.

iShares MSCI EAFE ETF Trading Down 0.5%

iShares MSCI EAFE ETF stock opened at $107.76 on Wednesday. iShares MSCI EAFE ETF has a 12 month low of $91.21 and a 12 month high of $108.89. The business’s 50 day simple moving average is $106.09 and its 200 day simple moving average is $103.26. The company has a market cap of $79.66 billion, a price-to-earnings ratio of 16.48 and a beta of 0.78.

iShares MSCI EAFE ETF Company 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. 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.