Northwestern Mutual Wealth Management Co. Has $1.09 Billion Position in iShares MSCI EAFE ETF $EFA

Northwestern Mutual Wealth Management Co. lifted its stake in iShares MSCI EAFE ETF (NYSEARCA:EFA) by 359.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,306,948 shares of the exchange traded fund’s stock after buying an additional 8,846,240 shares during the period. iShares MSCI EAFE ETF comprises 0.5% of Northwestern Mutual Wealth Management Co.’s portfolio, making the stock its 26th biggest holding. Northwestern Mutual Wealth Management Co. owned approximately 1.53% of iShares MSCI EAFE ETF worth $1,085,806,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bedminster LLC acquired a new stake in iShares MSCI EAFE ETF during the fourth quarter worth $1,065,000. WHI TRUST Co LLC bought a new position in shares of iShares MSCI EAFE ETF during the 4th quarter worth about $520,000. Cornerstone Wealth Management LLC boosted its position in shares of iShares MSCI EAFE ETF by 5.2% during the 4th quarter. Cornerstone Wealth Management LLC now owns 6,843 shares of the exchange traded fund’s stock valued at $657,000 after acquiring an additional 338 shares in the last quarter. Pinnacle Associates Ltd. increased its stake in iShares MSCI EAFE ETF by 5.3% in the fourth quarter. Pinnacle Associates Ltd. now owns 40,989 shares of the exchange traded fund’s stock valued at $3,936,000 after acquiring an additional 2,058 shares during the period. Finally, Western Wealth Management LLC raised its position in iShares MSCI EAFE ETF by 4.2% in the fourth quarter. Western Wealth Management LLC now owns 50,965 shares of the exchange traded fund’s stock worth $4,894,000 after purchasing an additional 2,072 shares in the last quarter. 79.80% of the stock is currently owned by institutional investors.

iShares MSCI EAFE ETF Trading Down 1.7%

NYSEARCA EFA opened at $101.72 on Friday. iShares MSCI EAFE ETF has a 1-year low of $85.68 and a 1-year high of $105.94. The company has a market capitalization of $75.07 billion, a price-to-earnings ratio of 16.48 and a beta of 0.78. The stock’s 50 day moving average is $99.97 and its two-hundred day moving average is $98.79.

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.