MLG Wealth Management DBA Pine Grove Financial Group Increases Position in iShares MSCI EAFE Growth ETF $EFG

MLG Wealth Management DBA Pine Grove Financial Group raised its holdings in iShares MSCI EAFE Growth ETF (BATS:EFG) by 8.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 114,770 shares of the company’s stock after acquiring an additional 8,529 shares during the period. iShares MSCI EAFE Growth ETF makes up approximately 1.4% of MLG Wealth Management DBA Pine Grove Financial Group’s investment portfolio, making the stock its 22nd largest position. MLG Wealth Management DBA Pine Grove Financial Group’s holdings in iShares MSCI EAFE Growth ETF were worth $14,285,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cetera Investment Advisers grew its position in shares of iShares MSCI EAFE Growth ETF by 125.2% in the first quarter. Cetera Investment Advisers now owns 2,208,206 shares of the company’s stock valued at $245,928,000 after purchasing an additional 1,227,595 shares in the last quarter. Bank of America Corp DE boosted its stake in iShares MSCI EAFE Growth ETF by 35.0% during the first quarter. Bank of America Corp DE now owns 4,708,538 shares of the company’s stock worth $524,390,000 after buying an additional 1,221,082 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in iShares MSCI EAFE Growth ETF by 690.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 1,140,998 shares of the company’s stock valued at $127,073,000 after buying an additional 996,633 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in iShares MSCI EAFE Growth ETF by 166.6% in the 1st quarter. Bank of New York Mellon Corp now owns 1,472,363 shares of the company’s stock valued at $163,977,000 after buying an additional 920,188 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of iShares MSCI EAFE Growth ETF by 391.7% in the 1st quarter. NewEdge Advisors LLC now owns 662,281 shares of the company’s stock worth $73,758,000 after acquiring an additional 527,578 shares during the last quarter.

iShares MSCI EAFE Growth ETF Stock Performance

Shares of EFG stock opened at $124.55 on Tuesday. iShares MSCI EAFE Growth ETF has a twelve month low of $107.17 and a twelve month high of $127.44. The company’s 50-day moving average price is $123.34 and its 200-day moving average price is $120.53. The stock has a market cap of $14.65 billion, a price-to-earnings ratio of 24.98 and a beta of 0.96.

iShares MSCI EAFE Growth ETF Company Profile

iShares MSCI EAFE Growth ETF (the Fund), formerly iShares MSCI EAFE Growth Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI EAFE Growth Index (the Index). The Index is a subset of the MSCI EAFE Index and constituents of the Index include securities from Europe, Australasia (Australia and Asia), and the Far East. The Fund invests in sectors, such as consumer staples, industrials, consumer discretionary, materials, healthcare, financials, information technology, energy, telecommunication services and utilities.