Rakuten Investment Management Inc. Trims Stock Position in iShares MSCI EAFE ETF $EFA

Rakuten Investment Management Inc. cut its holdings in iShares MSCI EAFE ETF (NYSEARCA:EFA) by 52.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,784 shares of the exchange traded fund’s stock after selling 82,104 shares during the quarter. Rakuten Investment Management Inc.’s holdings in iShares MSCI EAFE ETF were worth $7,633,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Horizon Investments LLC grew its holdings in iShares MSCI EAFE ETF by 2,520.0% during the 4th quarter. Horizon Investments LLC now owns 262 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 252 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new position in shares of iShares MSCI EAFE ETF in the fourth quarter worth $26,000. Atlas Capital Advisors Inc. purchased a new stake in shares of iShares MSCI EAFE ETF in the fourth quarter valued at $29,000. Scarborough Advisors LLC purchased a new stake in shares of iShares MSCI EAFE ETF in the first quarter valued at $33,000. Finally, GeoWealth Management LLC acquired a new stake in shares of iShares MSCI EAFE ETF during the fourth quarter valued at $37,000. 79.80% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI EAFE ETF Trading Down 0.3%

iShares MSCI EAFE ETF stock opened at $107.72 on Friday. The stock has a market cap of $79.63 billion, a PE ratio of 16.48 and a beta of 0.78. The stock has a 50-day moving average price of $105.46 and a 200 day moving average price of $103.11. iShares MSCI EAFE ETF has a 52 week low of $90.04 and a 52 week high of $108.89.

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.