Portland Global Advisors LLC has increased its investment in the iShares Core MSCI EAFE ETF (BATS:IEFA) by 4.0% during the second quarter of 2023, as detailed in its recent filing with the Securities and Exchange Commission. The firm now holds 318,081 shares, having acquired an additional 12,284 shares during this period. This investment represents approximately 3.1% of Portland Global Advisors’ total holdings, ranking it as the firm’s ninth largest position, valued at $26,553,000 at the close of the reporting period.
Several other institutional investors have also adjusted their positions in the iShares Core MSCI EAFE ETF. For instance, Jones Financial Companies Lllp raised its stake by 0.7% in the first quarter, bringing its total to 89,235,188 shares, which are valued at $6.82 billion after acquiring an additional 663,730 shares. Similarly, Envestnet Asset Management Inc. increased its holdings by 10.1% in the second quarter, owning 40,235,704 shares worth $3.36 billion after purchasing an extra 3,675,689 shares.
Raymond James Financial Inc. and US Bancorp DE also made notable increases to their holdings. Raymond James raised its stake by 0.7% during the first quarter, now owning 37,782,854 shares valued at $2.86 billion. US Bancorp DE similarly boosted its position by 0.7% in the second quarter, holding 34,386,264 shares now valued at $2.87 billion. Northwestern Mutual Wealth Management Co. strengthened its holdings by 5.1% in the first quarter, bringing its total to 34,156,332 shares, worth $2.58 billion after acquiring 1,668,799 shares.
As of the latest trading session, shares of the iShares Core MSCI EAFE ETF opened at $89.28. The ETF has seen a significant rise, with a 27.9% increase in value over the past year. The stock’s performance has fluctuated between a low of $66.95 and a high of $87.36 over the past twelve months. Currently, the fund boasts a market capitalization of $152.66 billion, a price-to-earnings ratio of 16.18, and a beta of 0.84. Its 50-day moving average stands at $87.99, while the 200-day moving average is at $85.42.
The iShares Core MSCI EAFE ETF, launched on October 18, 2012, is managed by BlackRock and is designed to track the MSCI EAFE IMI index. This index comprises developed-market equities from Europe, Australasia, and the Far East, excluding North America.
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