JPMorgan Chase & Co. Increases Stake in iShares MSCI EAFE ETF (NYSEARCA:EFA)

JPMorgan Chase & Co. increased its holdings in iShares MSCI EAFE ETF (NYSEARCA:EFA) by 7.1% in the fourth quarter, Holdings Channel reports. The fund owned 22,067,950 shares of the exchange traded fund’s stock after purchasing an additional 1,463,799 shares during the quarter. JPMorgan Chase & Co.’s holdings in iShares MSCI EAFE ETF were worth $1,668,558,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of iShares MSCI EAFE ETF in the 4th quarter worth approximately $258,750,000. Truist Financial Corp raised its stake in iShares MSCI EAFE ETF by 4.2% in the fourth quarter. Truist Financial Corp now owns 3,372,742 shares of the exchange traded fund’s stock worth $255,013,000 after buying an additional 134,539 shares in the last quarter. Natixis Advisors LLC lifted its holdings in iShares MSCI EAFE ETF by 124.5% during the fourth quarter. Natixis Advisors LLC now owns 3,370,059 shares of the exchange traded fund’s stock worth $254,810,000 after buying an additional 1,868,602 shares during the period. CIBC Asset Management Inc boosted its position in iShares MSCI EAFE ETF by 7.3% during the 4th quarter. CIBC Asset Management Inc now owns 3,081,835 shares of the exchange traded fund’s stock valued at $233,018,000 after acquiring an additional 209,174 shares in the last quarter. Finally, Hackensack Meridian Health Inc. increased its holdings in shares of iShares MSCI EAFE ETF by 5.6% in the 4th quarter. Hackensack Meridian Health Inc. now owns 2,420,932 shares of the exchange traded fund’s stock valued at $183,047,000 after acquiring an additional 129,000 shares during the period. 79.80% of the stock is currently owned by institutional investors.

iShares MSCI EAFE ETF Stock Performance

Shares of iShares MSCI EAFE ETF stock opened at $83.20 on Friday. The company has a market capitalization of $58.46 billion, a PE ratio of 17.21 and a beta of 0.86. The company has a 50-day simple moving average of $81.46 and a two-hundred day simple moving average of $80.00. iShares MSCI EAFE ETF has a one year low of $73.91 and a one year high of $85.19.

iShares MSCI EAFE ETF 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.