Penobscot Investment Management Company Inc. Increases Stock Position in iShares MSCI EAFE ETF $EFA

Penobscot Investment Management Company Inc. grew its stake in iShares MSCI EAFE ETF (NYSEARCA:EFA) by 33.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,778 shares of the exchange traded fund’s stock after buying an additional 11,065 shares during the period. Penobscot Investment Management Company Inc.’s holdings in iShares MSCI EAFE ETF were worth $4,088,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Fountainhead AM LLC lifted its holdings in shares of iShares MSCI EAFE ETF by 14.4% during the 3rd quarter. Fountainhead AM LLC now owns 2,779 shares of the exchange traded fund’s stock worth $259,000 after acquiring an additional 350 shares during the last quarter. Eagle Strategies LLC purchased a new stake in iShares MSCI EAFE ETF during the third quarter valued at about $634,000. Saxony Capital Management LLC raised its position in iShares MSCI EAFE ETF by 10.8% during the third quarter. Saxony Capital Management LLC now owns 24,199 shares of the exchange traded fund’s stock valued at $2,259,000 after purchasing an additional 2,359 shares in the last quarter. Global Retirement Partners LLC lifted its stake in iShares MSCI EAFE ETF by 26.1% during the third quarter. Global Retirement Partners LLC now owns 48,460 shares of the exchange traded fund’s stock worth $4,525,000 after purchasing an additional 10,032 shares during the last quarter. Finally, Davis Capital Management bought a new stake in iShares MSCI EAFE ETF during the third quarter worth about $121,000. Institutional investors own 79.80% of the company’s stock.

iShares MSCI EAFE ETF Trading Up 1.1%

Shares of iShares MSCI EAFE ETF stock opened at $97.04 on Friday. The firm has a market capitalization of $69.99 billion, a PE ratio of 16.48 and a beta of 0.84. iShares MSCI EAFE ETF has a 12 month low of $72.14 and a 12 month high of $97.42. The business’s 50-day moving average price is $95.14 and its 200-day moving average price is $92.61.

iShares MSCI EAFE ETF Profile

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.