Penobscot Investment Management Company Inc. Cuts Stock Position in iShares MSCI EAFE Growth ETF (BATS:EFG)

Penobscot Investment Management Company Inc. reduced its position in iShares MSCI EAFE Growth ETF (BATS:EFG) by 2.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,605 shares of the company’s stock after selling 305 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in iShares MSCI EAFE Growth ETF were worth $1,360,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EFG. Tower Research Capital LLC TRC purchased a new position in shares of iShares MSCI EAFE Growth ETF in the 4th quarter worth about $26,000. Smartleaf Asset Management LLC purchased a new position in shares of iShares MSCI EAFE Growth ETF in the 4th quarter worth about $28,000. Breakwater Investment Management purchased a new position in shares of iShares MSCI EAFE Growth ETF in the 1st quarter worth about $28,000. Bellwether Advisors LLC purchased a new position in shares of iShares MSCI EAFE Growth ETF in the 4th quarter worth about $33,000. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of iShares MSCI EAFE Growth ETF in the 4th quarter worth about $40,000.

iShares MSCI EAFE Growth ETF Trading Up 13.7%

EFG opened at $109.23 on Thursday. The stock has a 50-day moving average price of $107.27 and a 200-day moving average price of $102.87. iShares MSCI EAFE Growth ETF has a 12-month low of $88.66 and a 12-month high of $112.18. The stock has a market capitalization of $12.98 billion, a P/E ratio of 26.10 and a beta of 0.96.

iShares MSCI EAFE Growth ETF Company Profile

iShares MSCI EAFE Growth ETF (the Fund), formerly iShares MSCI EAFE Growth Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI EAFE Growth Index (the Index). The Index is a subset of the MSCI EAFE Index and constituents of the Index include securities from Europe, Australasia (Australia and Asia), and the Far East.