Meridian Investment Counsel Inc. Sells 1,500 Shares of iShares MSCI EAFE ETF (NYSEARCA:EFA)

Meridian Investment Counsel Inc. trimmed its stake in iShares MSCI EAFE ETF (NYSEARCA:EFA) by 25.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,323 shares of the exchange traded fund’s stock after selling 1,500 shares during the period. Meridian Investment Counsel Inc.’s holdings in iShares MSCI EAFE ETF were worth $327,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AllSquare Wealth Management LLC boosted its stake in iShares MSCI EAFE ETF by 92.7% during the fourth quarter. AllSquare Wealth Management LLC now owns 395 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 190 shares during the period. Parkworth Wealth Management Inc. bought a new stake in shares of iShares MSCI EAFE ETF in the 4th quarter worth about $32,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of iShares MSCI EAFE ETF during the 4th quarter worth about $36,000. Roxbury Financial LLC bought a new position in iShares MSCI EAFE ETF during the 4th quarter valued at about $43,000. Finally, Kentucky Trust Co purchased a new stake in iShares MSCI EAFE ETF in the 4th quarter worth about $45,000. Hedge funds and other institutional investors own 79.80% of the company’s stock.

iShares MSCI EAFE ETF Price Performance

Shares of NYSEARCA EFA opened at $81.73 on Tuesday. The company has a market cap of $57.42 billion, a P/E ratio of 17.21 and a beta of 0.86. The firm has a 50-day simple moving average of $81.67 and a two-hundred day simple moving average of $80.01. iShares MSCI EAFE ETF has a 1 year low of $73.91 and a 1 year high of $85.19.

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.