Salus Financial Advisors Reduces Stake in iShares MSCI EAFE ETF

Salus Financial Advisors LLC has reduced its holdings in the iShares MSCI EAFE ETF (NYSEARCA:EFA) by 1.3% during the second quarter of 2023, as revealed in a recent filing with the Securities and Exchange Commission. The institutional investor now owns 32,652 shares of the ETF after selling 426 shares in this period. The iShares MSCI EAFE ETF constitutes 2.0% of Salus Financial Advisors’ investment portfolio, marking it as the firm’s 12th largest position. As of the end of the reporting period, these holdings were valued at approximately $2.92 million.

Several other large investors have also adjusted their stakes in the iShares MSCI EAFE ETF. Notably, Goldman Sachs Group Inc. increased its position by an impressive 20.2% in the first quarter, acquiring an additional 7,811,598 shares. This brought their total to 46,571,506 shares, valued at around $3.81 billion.

In the same vein, TD Asset Management Inc. raised its stake by 6.3% in the second quarter, now holding 9,050,985 shares with a total value of $809.07 million. Sand Hill Global Advisors LLC also reported a 3.5% increase in its holdings during the first quarter, now owning 2,825,948 shares worth approximately $230.97 million.

Additionally, Northwestern Mutual Wealth Management Co. raised its stake by 2.0%, acquiring 2,343,426 shares valued at about $191.53 million, while Mackenzie Financial Corp. increased its holdings by 7.3%, totaling 2,231,792 shares worth around $182.40 million. Currently, 79.8% of the iShares MSCI EAFE ETF is owned by hedge funds and other institutional investors.

Market Performance of iShares MSCI EAFE ETF

On Monday, shares of the iShares MSCI EAFE ETF opened at $94.51. The fund’s 50-day simple moving average stands at $92.73, while the 200-day simple moving average is recorded at $88.67. The ETF boasts a market capitalization of $68.16 billion, a price-to-earnings ratio of 16.48, and a beta of 0.86. Over the past year, the stock has experienced fluctuations, reaching a low of $72.14 and a high of $95.53.

About iShares MSCI EAFE ETF

The iShares MSCI EAFE ETF, formerly known as the iShares MSCI EAFE Index Fund, aims to mirror the price and yield performance of the MSCI EAFE Index. This index, developed by MSCI Inc., serves as a benchmark for international equity performance, focusing on companies in developed markets outside the United States and Canada.

Investors interested in tracking the latest changes in holdings for the iShares MSCI EAFE ETF can visit HoldingsChannel.com for updated 13F filings and insider trades. For daily summaries of news and analysts’ ratings regarding the ETF, MarketBeat.com offers a free email newsletter.