Summit Financial LLC Has $2.04 Million Stake in iShares MSCI EAFE ETF (NYSEARCA:EFA)

Summit Financial LLC reduced its stake in shares of iShares MSCI EAFE ETF (NYSEARCA:EFA) by 40.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,915 shares of the exchange traded fund’s stock after selling 18,429 shares during the quarter. Summit Financial LLC’s holdings in iShares MSCI EAFE ETF were worth $2,035,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in iShares MSCI EAFE ETF by 7.1% during the fourth quarter. JPMorgan Chase & Co. now owns 22,067,950 shares of the exchange traded fund’s stock valued at $1,668,558,000 after purchasing an additional 1,463,799 shares during the period. Raymond James Financial Inc. acquired a new position in shares of iShares MSCI EAFE ETF in the 4th quarter valued at $258,750,000. Truist Financial Corp increased its position in shares of iShares MSCI EAFE ETF by 4.2% in the 4th quarter. Truist Financial Corp now owns 3,372,742 shares of the exchange traded fund’s stock valued at $255,013,000 after buying an additional 134,539 shares in the last quarter. Natixis Advisors LLC raised its stake in iShares MSCI EAFE ETF by 124.5% during the 4th quarter. Natixis Advisors LLC now owns 3,370,059 shares of the exchange traded fund’s stock worth $254,810,000 after buying an additional 1,868,602 shares during the period. Finally, CIBC Asset Management Inc lifted its holdings in iShares MSCI EAFE ETF by 7.3% during the fourth quarter. CIBC Asset Management Inc now owns 3,081,835 shares of the exchange traded fund’s stock worth $233,018,000 after acquiring an additional 209,174 shares in the last quarter. 79.80% of the stock is owned by institutional investors.

iShares MSCI EAFE ETF Stock Performance

Shares of EFA opened at $81.73 on Tuesday. The stock has a 50 day simple moving average of $81.67 and a 200 day simple moving average of $80.01. iShares MSCI EAFE ETF has a 52-week low of $73.91 and a 52-week high of $85.19. The firm has a market capitalization of $57.42 billion, a PE ratio of 17.21 and a beta of 0.86.

iShares MSCI EAFE ETF 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.