Pitcairn Co. Lowers Holdings in iShares MSCI EAFE ETF (NYSEARCA:EFA)

Pitcairn Co. lowered its position in shares of iShares MSCI EAFE ETF (NYSEARCA:EFA) by 19.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 12,422 shares of the exchange traded fund’s stock after selling 3,000 shares during the period. Pitcairn Co.’s holdings in iShares MSCI EAFE ETF were worth $939,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. AllSquare Wealth Management LLC lifted its position in shares of iShares MSCI EAFE ETF by 92.7% during the 4th quarter. AllSquare Wealth Management LLC now owns 395 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 190 shares during the period. Parkworth Wealth Management Inc. purchased a new position in iShares MSCI EAFE ETF in the 4th quarter valued at approximately $32,000. Murphy & Mullick Capital Management Corp acquired a new position in iShares MSCI EAFE ETF during the fourth quarter worth $36,000. Roxbury Financial LLC purchased a new stake in iShares MSCI EAFE ETF during the fourth quarter worth $43,000. Finally, Kentucky Trust Co acquired a new stake in iShares MSCI EAFE ETF in the fourth quarter valued at $45,000. Institutional investors and hedge funds own 79.80% of the company’s stock.

iShares MSCI EAFE ETF Trading Down 6.6 %

Shares of EFA opened at $75.02 on Friday. iShares MSCI EAFE ETF has a 12-month low of $73.91 and a 12-month high of $85.19. The stock has a market cap of $52.71 billion, a P/E ratio of 16.88 and a beta of 0.81. The company has a 50-day moving average of $81.77 and a two-hundred day moving average of $79.98.

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.