Fairhaven Wealth Management LLC Has $29.36 Million Stake in iShares Core MSCI EAFE ETF (BATS:IEFA)

Fairhaven Wealth Management LLC raised its holdings in iShares Core MSCI EAFE ETF (BATS:IEFA) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 417,732 shares of the company’s stock after purchasing an additional 7,072 shares during the quarter. iShares Core MSCI EAFE ETF accounts for approximately 9.2% of Fairhaven Wealth Management LLC’s investment portfolio, making the stock its 2nd biggest position. Fairhaven Wealth Management LLC’s holdings in iShares Core MSCI EAFE ETF were worth $29,358,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of IEFA. Salomon & Ludwin LLC increased its position in iShares Core MSCI EAFE ETF by 10.5% during the 4th quarter. Salomon & Ludwin LLC now owns 1,448 shares of the company’s stock worth $102,000 after purchasing an additional 137 shares in the last quarter. HTLF Bank grew its stake in shares of iShares Core MSCI EAFE ETF by 4.5% during the fourth quarter. HTLF Bank now owns 3,246 shares of the company’s stock worth $228,000 after buying an additional 140 shares during the last quarter. Union Savings Bank increased its holdings in shares of iShares Core MSCI EAFE ETF by 39.6% during the fourth quarter. Union Savings Bank now owns 501 shares of the company’s stock worth $35,000 after buying an additional 142 shares in the last quarter. Koshinski Asset Management Inc. lifted its stake in shares of iShares Core MSCI EAFE ETF by 0.3% in the 4th quarter. Koshinski Asset Management Inc. now owns 49,285 shares of the company’s stock valued at $3,464,000 after acquiring an additional 148 shares during the last quarter. Finally, Winthrop Advisory Group LLC boosted its holdings in shares of iShares Core MSCI EAFE ETF by 4.3% during the 4th quarter. Winthrop Advisory Group LLC now owns 3,666 shares of the company’s stock valued at $258,000 after acquiring an additional 151 shares in the last quarter.

iShares Core MSCI EAFE ETF Stock Up 8.3 %

Shares of IEFA stock opened at $75.55 on Tuesday. iShares Core MSCI EAFE ETF has a twelve month low of $56.55 and a twelve month high of $70.84. The stock’s fifty day simple moving average is $72.53 and its 200 day simple moving average is $74.12. The firm has a market capitalization of $126.92 billion, a P/E ratio of 16.99 and a beta of 0.89.

About iShares Core MSCI EAFE ETF

The iShares Core MSCI EAFE ETF (IEFA) is an exchange-traded fund that is based on the MSCI EAFE IMI index, a market-cap-weighted index of developed-market stocks in Europe, Australasia and the Far East, and excludes North America IEFA was launched on Oct 18, 2012 and is managed by BlackRock.