Rakuten Investment Management Inc. Invests $2.76 Million in iShares MSCI EAFE Min Vol Factor ETF $EFAV

Rakuten Investment Management Inc. bought a new stake in shares of iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 32,757 shares of the company’s stock, valued at approximately $2,763,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Samalin Investment Counsel LLC raised its stake in iShares MSCI EAFE Min Vol Factor ETF by 2.9% during the third quarter. Samalin Investment Counsel LLC now owns 36,991 shares of the company’s stock valued at $3,138,000 after purchasing an additional 1,027 shares in the last quarter. Joel Isaacson & Co. LLC lifted its holdings in shares of iShares MSCI EAFE Min Vol Factor ETF by 97.7% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 10,120 shares of the company’s stock valued at $859,000 after acquiring an additional 5,000 shares during the last quarter. Root Financial Partners LLC bought a new position in shares of iShares MSCI EAFE Min Vol Factor ETF in the 3rd quarter valued at about $119,000. Florida Trust Wealth Management Co purchased a new position in iShares MSCI EAFE Min Vol Factor ETF in the third quarter worth about $201,000. Finally, Sequoia Financial Advisors LLC increased its position in shares of iShares MSCI EAFE Min Vol Factor ETF by 126.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 52,397 shares of the company’s stock valued at $4,445,000 after purchasing an additional 29,269 shares during the last quarter.

iShares MSCI EAFE Min Vol Factor ETF Stock Up 25.9%

Shares of EFAV opened at $88.06 on Friday. The business has a fifty day moving average of $86.32 and a 200 day moving average of $85.24. The company has a market cap of $5.75 billion, a PE ratio of 16.91 and a beta of 0.57. iShares MSCI EAFE Min Vol Factor ETF has a 52-week low of $69.19 and a 52-week high of $85.52.

About iShares MSCI EAFE Min Vol Factor ETF

The iShares MSCI EAFE Min Vol Factor ETF (EFAV) is an exchange-traded fund that is based on the MSCI EAFE Minimum Volatility (USD) index. The fund tracks an index of developed-market equities, ex-US and Canada, selected and weighted to create a low volatility portfolio subject to constraints including sector exposure. EFAV was launched on Oct 18, 2011 and is managed by BlackRock.