LPL Financial LLC Lowers Stake in iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV)

LPL Financial LLC lessened its stake in iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV) by 4.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 940,924 shares of the company’s stock after selling 44,632 shares during the quarter. LPL Financial LLC’s holdings in iShares MSCI EAFE Min Vol Factor ETF were worth $66,533,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Provident Wealth Management LLC grew its position in shares of iShares MSCI EAFE Min Vol Factor ETF by 73.1% during the 4th quarter. Provident Wealth Management LLC now owns 900 shares of the company’s stock worth $64,000 after buying an additional 380 shares in the last quarter. Larson Financial Group LLC lifted its stake in iShares MSCI EAFE Min Vol Factor ETF by 38.2% in the fourth quarter. Larson Financial Group LLC now owns 962 shares of the company’s stock worth $68,000 after acquiring an additional 266 shares during the period. Bank of Jackson Hole Trust bought a new position in iShares MSCI EAFE Min Vol Factor ETF during the 4th quarter worth about $83,000. Synergy Asset Management LLC purchased a new position in iShares MSCI EAFE Min Vol Factor ETF during the 4th quarter valued at about $85,000. Finally, AdvisorNet Financial Inc raised its holdings in shares of iShares MSCI EAFE Min Vol Factor ETF by 13.0% in the 4th quarter. AdvisorNet Financial Inc now owns 1,465 shares of the company’s stock valued at $104,000 after purchasing an additional 169 shares in the last quarter.

iShares MSCI EAFE Min Vol Factor ETF Stock Performance

BATS EFAV opened at $77.67 on Thursday. The company has a market cap of $4.85 billion, a PE ratio of 17.75 and a beta of 0.61. The firm’s 50 day moving average price is $75.13 and its 200-day moving average price is $74.23. iShares MSCI EAFE Min Vol Factor ETF has a 52-week low of $67.68 and a 52-week high of $79.06.

iShares MSCI EAFE Min Vol Factor ETF Profile

The iShares MSCI EAFE Min Vol Factor ETF (EFAV) is an exchange-traded fund that is based on the MSCI EAFE Minimum Volatility (USD) index. The fund tracks an index of developed-market equities, ex-US and Canada, selected and weighted to create a low volatility portfolio subject to constraints including sector exposure.