Tortoise Investment Management LLC Lowers Holdings in iShares Core MSCI EAFE ETF $IEFA

Tortoise Investment Management LLC trimmed its holdings in iShares Core MSCI EAFE ETF (BATS:IEFA) by 2.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 168,373 shares of the company’s stock after selling 4,153 shares during the quarter. iShares Core MSCI EAFE ETF accounts for approximately 1.3% of Tortoise Investment Management LLC’s investment portfolio, making the stock its 21st biggest holding. Tortoise Investment Management LLC’s holdings in iShares Core MSCI EAFE ETF were worth $12,737,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in iShares Core MSCI EAFE ETF by 5.0% in the fourth quarter. Bank of America Corp DE now owns 191,738,074 shares of the company’s stock valued at $13,475,352,000 after purchasing an additional 9,128,380 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of iShares Core MSCI EAFE ETF by 0.7% during the 1st quarter. Raymond James Financial Inc. now owns 37,782,854 shares of the company’s stock worth $2,858,273,000 after acquiring an additional 258,589 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of iShares Core MSCI EAFE ETF by 5.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 34,156,332 shares of the company’s stock worth $2,583,926,000 after acquiring an additional 1,668,799 shares in the last quarter. US Bancorp DE boosted its stake in shares of iShares Core MSCI EAFE ETF by 3.7% during the 1st quarter. US Bancorp DE now owns 34,147,182 shares of the company’s stock worth $2,583,248,000 after acquiring an additional 1,232,333 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of iShares Core MSCI EAFE ETF by 7.2% during the 1st quarter. Bank of New York Mellon Corp now owns 32,276,425 shares of the company’s stock worth $2,441,712,000 after acquiring an additional 2,175,194 shares in the last quarter.

iShares Core MSCI EAFE ETF Stock Up 22.9%

IEFA stock opened at $85.74 on Thursday. The company’s 50-day simple moving average is $83.74 and its 200-day simple moving average is $79.91. iShares Core MSCI EAFE ETF has a 52-week low of $66.95 and a 52-week high of $87.36. The firm has a market cap of $146.62 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.