Claro Advisors LLC Reduces Stake in iShares MSCI EAFE ETF (NYSEARCA:EFA)

Claro Advisors LLC has significantly reduced its investment in the iShares MSCI EAFE ETF (NYSEARCA:EFA) by 50.8% during the third quarter, according to its latest report submitted to the Securities and Exchange Commission. After selling 6,077 shares during this period, the firm now holds 5,893 shares, which were valued at approximately $493,000 as per the most recent filing.

In addition to Claro Advisors, several other hedge funds have also adjusted their positions in the iShares MSCI EAFE ETF. Gray Private Wealth LLC increased its holdings in the ETF by 0.7%, now owning 108,565 shares with a total value of around $9,079,000, after acquiring an additional 703 shares. Similarly, Sax Wealth Advisors LLC boosted its stake by 22.9%, owning 11,702 shares valued at $979,000 following a purchase of 2,181 additional shares.

Moreover, Kozak & Associates Inc. raised its position in the ETF by 30.2%, now controlling 1,964 shares worth $160,000 after a purchase of 455 shares. Berkshire Money Management Inc. has also increased its stake by 7.4%, resulting in ownership of 157,849 shares with a valuation of $13,201,000 after acquiring 10,890 more shares. Finally, Greenup Street Wealth Management LLC made the most substantial increase among the listed firms, raising its stake by 359.5%, resulting in ownership of 49,705 shares valued at approximately $4,157,000 after buying an additional 38,887 shares.

Overall, it appears that institutional investors and hedge funds together own about 79.80% of the shares of iShares MSCI EAFE ETF.

Current Trading Status of iShares MSCI EAFE ETF

As of Friday, the iShares MSCI EAFE ETF traded at $81.94. Over the past year, the ETF has experienced a low of $65.68 and a high of $84.56. The fund's 50-day simple moving average stands at $81.77, while its 200-day simple moving average is $80.09.

Understanding the iShares MSCI EAFE ETF

The iShares MSCI EAFE ETF, previously known as the iShares MSCI EAFE Index Fund, is an exchange-traded fund designed to track the performance of the MSCI EAFE Index. This index was created by MSCI Inc. as a reference for evaluating international stock performance.

Claro, Advisors, EAFE