Fisher Asset Management LLC Reduces Stake in iShares MSCI EAFE Growth ETF

Fisher Asset Management LLC has reduced its holdings in the iShares MSCI EAFE Growth ETF (BATS:EFG – Free Report) by 36.4% during the third quarter of the year, as reported by HoldingsChannel.com. Following this transaction, the institution now owns a total of 3,822 shares in the ETF after selling 2,191 shares over the quarter. According to its latest filing with the SEC, Fisher Asset Management LLC's remaining stake in the iShares MSCI EAFE Growth ETF is valued at approximately $412,000.

In addition to Fisher Asset Management, several other large investors have been active in buying and selling shares of the iShares MSCI EAFE Growth ETF. For instance, Davis Capital Management initiated a new position in the ETF during the third quarter, valued at around $25,000. Meanwhile, Evermay Wealth Management LLC significantly increased its stake by 833.3%, now holding 252 shares valued at $27,000, after acquiring an additional 225 shares. Viewpoint Capital Management LLC also entered the ETF by acquiring a new stake worth $30,000.

Moreover, Thurston Springer Miller Herd & Titak Inc. increased its holdings in the ETF by 176.2%, now owning 279 shares worth approximately $30,000, following the purchase of an additional 178 shares. Finally, Northwest Investment Counselors LLC added a fresh stake in the ETF estimated at about $51,000 during the same quarter.

Performance of iShares MSCI EAFE Growth ETF

As of the latest trading session, shares of the iShares MSCI EAFE Growth ETF opened at $101.11. The ETF boasts a market capitalization of approximately $11.89 billion and has a price-to-earnings (P/E) ratio of 24.36, with a beta of 0.97. Over the past year, the ETF has recorded a low of $67.58 and a high of $85.81. Its 50-day moving average stands at $102.83, while the 200-day moving average is noted at $103.33.

Overview of iShares MSCI EAFE Growth ETF

The iShares MSCI EAFE Growth ETF is designed to track investment results that mirror the price and yield performance, before fees and expenses, of the MSCI EAFE Growth Index. This index comprises a focused selection of securities from developed markets in Europe, Australasia (Australia and Asia), and the Far East.

Further Insights

The ETF market continues to see significant activity from various institutions as they adapt and rebalance their portfolios in response to current market conditions and performance metrics. For those interested in tracking stocks held by hedge funds or institutional investors, tools like 13F filings are widely used to gain insights into investment strategies.

Fisher, ETF, Investment