Kovack Advisors Inc. Acquires 459 Shares of iShares MSCI EAFE ETF (NYSEARCA:EFA)

Kovack Advisors Inc. boosted its stake in shares of iShares MSCI EAFE ETF (NYSEARCA:EFA) by 17.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,109 shares of the exchange traded fund’s stock after acquiring an additional 459 shares during the quarter. Kovack Advisors Inc.’s holdings in iShares MSCI EAFE ETF were worth $235,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Roxbury Financial LLC bought a new stake in shares of iShares MSCI EAFE ETF during the fourth quarter worth $43,000. Kentucky Trust Co acquired a new stake in iShares MSCI EAFE ETF in the fourth quarter worth about $45,000. SYM FINANCIAL Corp raised its holdings in iShares MSCI EAFE ETF by 81.7% during the 4th quarter. SYM FINANCIAL Corp now owns 607 shares of the exchange traded fund’s stock worth $46,000 after purchasing an additional 273 shares during the last quarter. POM Investment Strategies LLC lifted its position in iShares MSCI EAFE ETF by 186.5% during the 4th quarter. POM Investment Strategies LLC now owns 639 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 416 shares during the period. Finally, Kennebec Savings Bank bought a new position in shares of iShares MSCI EAFE ETF in the 3rd quarter valued at about $49,000. Institutional investors own 79.80% of the company’s stock.

iShares MSCI EAFE ETF Price Performance

EFA opened at $81.58 on Friday. The firm has a 50 day simple moving average of $78.53 and a 200 day simple moving average of $79.73. iShares MSCI EAFE ETF has a fifty-two week low of $73.91 and a fifty-two week high of $84.56. The company has a market cap of $57.32 billion, a price-to-earnings ratio of 17.57 and a beta of 0.87.

iShares MSCI EAFE ETF Company 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.