iShares MSCI EAFE Growth ETF (BATS:EFG) Stock to Split on Thursday, November 5th

Shares of iShares MSCI EAFE Growth ETF (BATS:EFG) are going to split on the morning of Thursday, November 5th. The 3-1 split was recently announced. The newly minted shares will be issued to shareholders after the closing bell on Wednesday, November 4th.

iShares MSCI EAFE Growth ETF Trading Down 1.6%

Shares of EFG stock opened at $118.55 on Friday. iShares MSCI EAFE Growth ETF has a 12-month low of $107.17 and a 12-month high of $127.44. The stock has a market capitalization of $13.94 billion, a price-to-earnings ratio of 24.98 and a beta of 0.96. The stock’s 50-day moving average price is $121.07 and its 200-day moving average price is $120.33.

Hedge Funds Weigh In On iShares MSCI EAFE Growth ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its stake in shares of iShares MSCI EAFE Growth ETF by 5.4% in the second quarter. Envestnet Asset Management Inc. now owns 23,610,616 shares of the company’s stock valued at $2,937,631,000 after buying an additional 1,210,805 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of iShares MSCI EAFE Growth ETF by 35.0% in the 1st quarter. Bank of America Corp DE now owns 4,708,538 shares of the company’s stock valued at $524,390,000 after buying an additional 1,221,082 shares during the period. Cetera Investment Advisers lifted its stake in iShares MSCI EAFE Growth ETF by 125.2% during the 1st quarter. Cetera Investment Advisers now owns 2,208,206 shares of the company’s stock worth $245,928,000 after acquiring an additional 1,227,595 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in iShares MSCI EAFE Growth ETF by 2.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,892,107 shares of the company’s stock worth $235,416,000 after acquiring an additional 52,153 shares in the last quarter. Finally, Park Avenue Securities LLC acquired a new position in iShares MSCI EAFE Growth ETF during the 3rd quarter worth about $223,500,000.

About iShares MSCI EAFE Growth ETF

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. The Fund invests in sectors, such as consumer staples, industrials, consumer discretionary, materials, healthcare, financials, information technology, energy, telecommunication services and utilities.