Cornerstone Management Inc. Buys 7,845 Shares of iShares MSCI EAFE ETF $EFA

Cornerstone Management Inc. lifted its stake in shares of iShares MSCI EAFE ETF (NYSEARCA:EFA) by 3.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 254,679 shares of the exchange traded fund’s stock after purchasing an additional 7,845 shares during the period. iShares MSCI EAFE ETF makes up about 3.9% of Cornerstone Management Inc.’s holdings, making the stock its 5th biggest position. Cornerstone Management Inc.’s holdings in iShares MSCI EAFE ETF were worth $24,737,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Horizon Investments LLC increased its stake in iShares MSCI EAFE ETF by 2,520.0% in the 4th quarter. Horizon Investments LLC now owns 262 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 252 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new position in shares of iShares MSCI EAFE ETF in the fourth quarter worth approximately $26,000. Atlas Capital Advisors Inc. purchased a new position in shares of iShares MSCI EAFE ETF in the fourth quarter worth approximately $29,000. GoalVest Advisory LLC raised its holdings in shares of iShares MSCI EAFE ETF by 106.4% during the fourth quarter. GoalVest Advisory LLC now owns 388 shares of the exchange traded fund’s stock valued at $37,000 after acquiring an additional 200 shares during the period. Finally, GeoWealth Management LLC acquired a new stake in shares of iShares MSCI EAFE ETF during the fourth quarter valued at approximately $37,000. 79.80% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI EAFE ETF Stock Performance

Shares of NYSEARCA:EFA opened at $104.41 on Monday. The company has a market cap of $77.05 billion, a PE ratio of 16.48 and a beta of 0.78. iShares MSCI EAFE ETF has a 52 week low of $85.68 and a 52 week high of $105.94. The firm has a 50 day simple moving average of $103.29 and a 200 day simple moving average of $100.50.

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.