Maloon Powers Pitre Higgins & Dennehy LLC Invests $4.94 Million in iShares MSCI EAFE ETF $EFA

Maloon Powers Pitre Higgins & Dennehy LLC acquired a new position in shares of iShares MSCI EAFE ETF (NYSEARCA:EFA) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 47,515 shares of the exchange traded fund’s stock, valued at approximately $4,936,000. iShares MSCI EAFE ETF comprises approximately 1.7% of Maloon Powers Pitre Higgins & Dennehy LLC’s investment portfolio, making the stock its 14th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of EFA. Horizon Investments LLC raised its stake in shares of iShares MSCI EAFE ETF by 2,520.0% in the 4th quarter. Horizon Investments LLC now owns 262 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 252 shares during the period. Hilton Head Capital Partners LLC acquired a new stake in iShares MSCI EAFE ETF in the 4th quarter valued at approximately $26,000. Atlas Capital Advisors Inc. purchased a new stake in iShares MSCI EAFE ETF in the fourth quarter valued at approximately $29,000. Scarborough Advisors LLC acquired a new position in iShares MSCI EAFE ETF during the first quarter worth $33,000. Finally, GeoWealth Management LLC acquired a new position in iShares MSCI EAFE ETF during the fourth quarter worth $37,000. 79.80% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI EAFE ETF Stock Up 0.1%

EFA opened at $108.35 on Friday. iShares MSCI EAFE ETF has a 52 week low of $91.21 and a 52 week high of $108.89. The business has a fifty day simple moving average of $105.91 and a 200-day simple moving average of $103.22. The firm has a market cap of $80.09 billion, a P/E ratio of 16.48 and a beta of 0.78.

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. The Index includes stocks from Europe, Australasia and the Far East. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.