Arbor Investment Advisors LLC Trims Stock Position in iShares MSCI EAFE ETF $EFA

Arbor Investment Advisors LLC reduced its holdings in iShares MSCI EAFE ETF (NYSEARCA:EFA) by 14.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 302,380 shares of the exchange traded fund’s stock after selling 49,783 shares during the period. iShares MSCI EAFE ETF makes up about 3.6% of Arbor Investment Advisors LLC’s investment portfolio, making the stock its 9th biggest position. Arbor Investment Advisors LLC’s holdings in iShares MSCI EAFE ETF were worth $28,233,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of EFA. TD Asset Management Inc boosted its position in shares of iShares MSCI EAFE ETF by 6.3% in the 2nd quarter. TD Asset Management Inc now owns 9,050,985 shares of the exchange traded fund’s stock worth $809,068,000 after purchasing an additional 533,545 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in iShares MSCI EAFE ETF by 0.3% in the second quarter. PNC Financial Services Group Inc. now owns 8,689,604 shares of the exchange traded fund’s stock valued at $776,764,000 after buying an additional 28,965 shares during the period. Envestnet Asset Management Inc. boosted its holdings in iShares MSCI EAFE ETF by 2.8% during the second quarter. Envestnet Asset Management Inc. now owns 6,415,811 shares of the exchange traded fund’s stock worth $573,501,000 after buying an additional 176,415 shares during the last quarter. AlTi Global Inc. grew its position in shares of iShares MSCI EAFE ETF by 1.1% during the 2nd quarter. AlTi Global Inc. now owns 5,858,977 shares of the exchange traded fund’s stock worth $523,751,000 after buying an additional 61,599 shares during the period. Finally, Corient Private Wealth LLC grew its position in shares of iShares MSCI EAFE ETF by 50.7% during the 2nd quarter. Corient Private Wealth LLC now owns 5,768,279 shares of the exchange traded fund’s stock worth $504,181,000 after buying an additional 1,939,941 shares during the period. Institutional investors and hedge funds own 79.80% of the company’s stock.

iShares MSCI EAFE ETF Price Performance

Shares of NYSEARCA:EFA opened at $97.04 on Friday. The company has a market capitalization of $69.99 billion, a price-to-earnings ratio of 16.48 and a beta of 0.84. The firm’s 50 day simple moving average is $95.14 and its 200 day simple moving average is $92.58. iShares MSCI EAFE ETF has a fifty-two week low of $72.14 and a fifty-two week high of $97.42.

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. 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.