IMA Advisory Services Inc. Cuts Holdings in iShares MSCI EAFE Min Vol Factor ETF $EFAV

IMA Advisory Services Inc. decreased its holdings in iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV) by 16.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,894 shares of the company’s stock after selling 8,125 shares during the period. IMA Advisory Services Inc. owned about 0.06% of iShares MSCI EAFE Min Vol Factor ETF worth $3,441,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EFAV. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of iShares MSCI EAFE Min Vol Factor ETF by 5,720.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 291 shares of the company’s stock valued at $25,000 after buying an additional 286 shares during the last quarter. Founders Financial Alliance LLC purchased a new position in iShares MSCI EAFE Min Vol Factor ETF in the 3rd quarter worth about $26,000. Princeton Global Asset Management LLC lifted its stake in iShares MSCI EAFE Min Vol Factor ETF by 3,118.2% during the 4th quarter. Princeton Global Asset Management LLC now owns 354 shares of the company’s stock valued at $31,000 after acquiring an additional 343 shares during the period. Wealth Watch Advisors INC bought a new position in iShares MSCI EAFE Min Vol Factor ETF during the 3rd quarter valued at about $30,000. Finally, Dunhill Financial LLC boosted its holdings in shares of iShares MSCI EAFE Min Vol Factor ETF by 1,156.3% during the 4th quarter. Dunhill Financial LLC now owns 402 shares of the company’s stock valued at $35,000 after acquiring an additional 370 shares during the last quarter.

iShares MSCI EAFE Min Vol Factor ETF Price Performance

Shares of EFAV stock opened at $88.96 on Monday. The company has a 50 day moving average price of $91.45 and a 200-day moving average price of $89.72. iShares MSCI EAFE Min Vol Factor ETF has a 52 week low of $81.66 and a 52 week high of $95.13. The firm has a market capitalization of $5.81 billion, a PE ratio of 16.91 and a beta of 0.57.

About iShares MSCI EAFE Min Vol Factor ETF

The iShares MSCI EAFE Min Vol Factor ETF (EFAV) is an exchange-traded fund that is based on the MSCI EAFE Minimum Volatility (USD) index. The fund tracks an index of developed-market equities, ex-US and Canada, selected and weighted to create a low volatility portfolio subject to constraints including sector exposure. EFAV was launched on Oct 18, 2011 and is managed by BlackRock.