Foundry Financial Group Inc. Reduces Stake in iShares Core MSCI EAFE ETF $IEFA

Foundry Financial Group Inc. cut its stake in shares of iShares Core MSCI EAFE ETF (BATS:IEFA) by 5.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 133,991 shares of the company’s stock after selling 8,009 shares during the quarter. iShares Core MSCI EAFE ETF accounts for 6.0% of Foundry Financial Group Inc.’s investment portfolio, making the stock its 4th biggest position. Foundry Financial Group Inc.’s holdings in iShares Core MSCI EAFE ETF were worth $12,130,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of IEFA. Bank of America Corp DE raised its stake in shares of iShares Core MSCI EAFE ETF by 1.3% during the 4th quarter. Bank of America Corp DE now owns 227,762,243 shares of the company’s stock worth $20,375,610,000 after purchasing an additional 2,898,995 shares in the last quarter. Morgan Stanley grew its stake in shares of iShares Core MSCI EAFE ETF by 4.9% in the fourth quarter. Morgan Stanley now owns 104,883,248 shares of the company’s stock valued at $9,382,856,000 after buying an additional 4,892,313 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of iShares Core MSCI EAFE ETF by 3.8% in the fourth quarter. Wells Fargo & Company MN now owns 79,118,875 shares of the company’s stock valued at $7,077,975,000 after buying an additional 2,898,461 shares in the last quarter. Raymond James Financial Inc. increased its holdings in iShares Core MSCI EAFE ETF by 15.0% during the fourth quarter. Raymond James Financial Inc. now owns 43,144,722 shares of the company’s stock worth $3,859,727,000 after buying an additional 5,635,481 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in iShares Core MSCI EAFE ETF by 4.6% during the fourth quarter. LPL Financial LLC now owns 40,788,933 shares of the company’s stock worth $3,648,978,000 after buying an additional 1,799,732 shares during the last quarter.

iShares Core MSCI EAFE ETF Trading Up 0.9%

BATS IEFA opened at $96.32 on Tuesday. The firm’s fifty day moving average price is $96.51 and its two-hundred day moving average price is $94.08. iShares Core MSCI EAFE ETF has a 1 year low of $81.17 and a 1 year high of $98.83. The firm has a market capitalization of $164.71 billion, a P/E ratio of 16.18 and a beta of 0.84.

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.