Cim Investment Management Inc. Sells 6,850 Shares of iShares MSCI EAFE ETF $EFA

Cim Investment Management Inc. trimmed its holdings in iShares MSCI EAFE ETF (NYSEARCA:EFA) by 12.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,561 shares of the exchange traded fund’s stock after selling 6,850 shares during the quarter. iShares MSCI EAFE ETF comprises about 1.2% of Cim Investment Management Inc.’s portfolio, making the stock its 12th biggest position. Cim Investment Management Inc.’s holdings in iShares MSCI EAFE ETF were worth $4,441,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pineridge Advisors LLC bought a new position in shares of iShares MSCI EAFE ETF during the 2nd quarter worth approximately $25,000. MMA Asset Management LLC acquired a new stake in shares of iShares MSCI EAFE ETF during the 3rd quarter worth approximately $34,000. Pflug Koory LLC increased its stake in shares of iShares MSCI EAFE ETF by 65.9% in the 3rd quarter. Pflug Koory LLC now owns 375 shares of the exchange traded fund’s stock valued at $35,000 after acquiring an additional 149 shares in the last quarter. Versant Capital Management Inc bought a new stake in shares of iShares MSCI EAFE ETF in the 3rd quarter valued at $37,000. Finally, Angeles Investment Advisors LLC acquired a new position in shares of iShares MSCI EAFE ETF during the 2nd quarter valued at $39,000. Institutional investors own 79.80% of the company’s stock.

iShares MSCI EAFE ETF Stock Up 0.3%

Shares of NYSEARCA EFA opened at $98.37 on Wednesday. The firm has a market cap of $72.60 billion, a PE ratio of 16.48 and a beta of 0.84. iShares MSCI EAFE ETF has a 12-month low of $72.14 and a 12-month high of $105.94. The company’s fifty day simple moving average is $101.19 and its 200 day simple moving average is $96.80.

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.