Cambridge Associates LLC MA ADV Invests $19.32 Million in iShares MSCI EAFE ETF $EFA
by Mitch Edgeman · The Markets DailyCambridge Associates LLC MA ADV purchased a new stake in shares of iShares MSCI EAFE ETF (NYSEARCA:EFA – Free Report) during the fourth quarter, Holdings Channel.com reports. The firm purchased 201,192 shares of the exchange traded fund’s stock, valued at approximately $19,320,000.
Several other large investors have also added to or reduced their stakes in EFA. Morgan Stanley increased its holdings in iShares MSCI EAFE ETF by 15.5% in the 4th quarter. Morgan Stanley now owns 31,617,599 shares of the exchange traded fund’s stock worth $3,036,238,000 after buying an additional 4,244,605 shares during the period. JPMorgan Chase & Co. increased its holdings in iShares MSCI EAFE ETF by 5.1% in the fourth quarter. JPMorgan Chase & Co. now owns 21,517,515 shares of the exchange traded fund’s stock valued at $2,066,327,000 after buying an additional 1,041,180 shares in the last quarter. Northern Trust Corp raised its holdings in iShares MSCI EAFE ETF by 0.9% in the 3rd quarter. Northern Trust Corp now owns 21,097,652 shares of the exchange traded fund’s stock worth $1,969,888,000 after purchasing an additional 184,934 shares during the period. Northwestern Mutual Investment Management Company LLC grew its stake in iShares MSCI EAFE ETF by 13.9% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 15,736,766 shares of the exchange traded fund’s stock valued at $1,511,202,000 after acquiring an additional 1,922,902 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of iShares MSCI EAFE ETF by 359.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 11,306,948 shares of the exchange traded fund’s stock worth $1,085,806,000 after purchasing an additional 8,846,240 shares in the last quarter. Hedge funds and other institutional investors own 79.80% of the company’s stock.
iShares MSCI EAFE ETF Trading Up 0.2%
EFA stock opened at $104.31 on Wednesday. The stock has a market cap of $76.98 billion, a price-to-earnings ratio of 16.48 and a beta of 0.78. The business’s 50-day moving average is $103.02 and its 200 day moving average is $100.30. iShares MSCI EAFE ETF has a 12-month low of $85.68 and a 12-month high of $105.94.
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.
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