Independent Advisor Alliance Invests $1.45 Million in iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV)

Independent Advisor Alliance bought a new stake in shares of iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV) during the fourth quarter, Holdings Channel.com reports. The fund bought 20,529 shares of the company’s stock, valued at approximately $1,452,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Wharton Business Group LLC lifted its holdings in iShares MSCI EAFE Min Vol Factor ETF by 35.7% in the fourth quarter. Wharton Business Group LLC now owns 1,668,037 shares of the company’s stock worth $117,947,000 after buying an additional 438,796 shares during the period. Jane Street Group LLC raised its position in shares of iShares MSCI EAFE Min Vol Factor ETF by 100.9% in the 3rd quarter. Jane Street Group LLC now owns 867,994 shares of the company’s stock worth $66,575,000 after acquiring an additional 436,013 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of iShares MSCI EAFE Min Vol Factor ETF in the 4th quarter valued at approximately $29,176,000. Kingsview Wealth Management LLC bought a new stake in shares of iShares MSCI EAFE Min Vol Factor ETF during the fourth quarter valued at approximately $3,419,000. Finally, Jones Financial Companies Lllp grew its stake in iShares MSCI EAFE Min Vol Factor ETF by 116.9% in the fourth quarter. Jones Financial Companies Lllp now owns 77,432 shares of the company’s stock worth $5,475,000 after purchasing an additional 41,740 shares during the period.

iShares MSCI EAFE Min Vol Factor ETF Trading Up 11.6 %

EFAV opened at $78.10 on Friday. The company has a market cap of $5.31 billion, a price-to-earnings ratio of 17.80 and a beta of 0.61. The stock has a fifty day simple moving average of $73.87 and a two-hundred day simple moving average of $74.14. iShares MSCI EAFE Min Vol Factor ETF has a 12-month low of $67.68 and a 12-month high of $78.53.

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.