PNC Financial Services Group Inc. Has $815.85 Million Stake in iShares MSCI EAFE ETF $EFA

PNC Financial Services Group Inc. reduced its stake in shares of iShares MSCI EAFE ETF (NYSEARCA:EFA) by 0.7% in the 1st quarter, Holdings Channel reports. The firm owned 8,399,549 shares of the exchange traded fund’s stock after selling 57,743 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares MSCI EAFE ETF were worth $815,848,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EFA. Clearbridge Investments LLC acquired a new position in iShares MSCI EAFE ETF in the fourth quarter valued at $7,552,000. Boston Common Asset Management LLC bought a new stake in iShares MSCI EAFE ETF during the fourth quarter valued at $2,665,000. Leo Wealth LLC grew its holdings in iShares MSCI EAFE ETF by 208.0% during the 4th quarter. Leo Wealth LLC now owns 12,003 shares of the exchange traded fund’s stock worth $1,153,000 after acquiring an additional 8,106 shares during the period. Steph & Co. grew its holdings in iShares MSCI EAFE ETF by 21.4% during the 1st quarter. Steph & Co. now owns 28,080 shares of the exchange traded fund’s stock worth $2,727,000 after acquiring an additional 4,955 shares during the period. Finally, Royal Fund Management LLC bought a new position in shares of iShares MSCI EAFE ETF in the 4th quarter worth about $14,202,000. 79.80% of the stock is owned by institutional investors and hedge funds.

iShares MSCI EAFE ETF Price Performance

Shares of NYSEARCA:EFA opened at $104.06 on Wednesday. The company has a market capitalization of $76.92 billion, a price-to-earnings ratio of 16.48 and a beta of 0.78. The business’s 50-day moving average is $103.77 and its 200-day moving average is $101.71. iShares MSCI EAFE ETF has a 1 year low of $86.74 and a 1 year high of $105.94.

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.