GAMMA Investing LLC Expands Investment in iShares MSCI EAFE ETF

GAMMA Investing LLC has announced a significant increase in its investment in the iShares MSCI EAFE ETF (NYSEARCA:EFA) by 18.4% during the third quarter of the year. According to the firm's most recent filing with the Securities and Exchange Commission (SEC), GAMMA now holds a total of 3,798 shares in this exchange-traded fund after acquiring an additional 590 shares in the recent quarter. At the end of this quarter, the total value of GAMMA's holdings in the iShares MSCI EAFE ETF reached approximately $318,000.

This move by GAMMA Investing LLC is part of a larger trend, as several other institutional investors and hedge funds have also been adjusting their positions in the iShares MSCI EAFE ETF. For instance, JPMorgan Chase & Co. increased its holdings by 17.6% in the first quarter, now reaching an impressive 27,440,338 shares valued at around $2.19 billion following the acquisition of an additional 4,116,234 shares. Similarly, Envestnet Asset Management Inc. increased its stake by 33.1% during the second quarter, raising its holdings to 8,765,455 shares valued at roughly $686.6 million after acquiring another 2,179,857 shares during the same period.

Other notable players include Natixis Advisors LLC, which boosted its position in iShares MSCI EAFE ETF by a remarkable 764.7% in the same second quarter, now possessing 1,935,011 shares worth about $151.6 million after purchasing 1,711,236 additional shares. TD Asset Management Inc. also increased its holdings by 31.0%, further solidifying its position with 5,825,155 shares valued at around $456.3 million after buying 1,377,019 additional shares. Meanwhile, Toronto Dominion Bank significantly increased its stake by 109.4% during the second quarter, owning 1,352,143 shares worth around $105.9 million following an acquisition of 706,558 shares. Overall, institutional investors hold approximately 79.80% of the ETF's shares.

Current Price Performance of iShares MSCI EAFE ETF

As of the latest market data, shares of the iShares MSCI EAFE ETF opened at $81.88. The fund boasts a fifty-day moving average of $81.04 and a 200-day moving average of $79.98. It has experienced a low of $65.68 and a high of $84.56 over the past year, signifying some fluctuations in its market performance.

Overview of iShares MSCI EAFE ETF

The iShares MSCI EAFE ETF, previously known as the iShares MSCI EAFE Index Fund, aims to track the investment results that correspond with the price and yield performance of the MSCI EAFE Index. This index serves as an equity benchmark for international stock performance, enabling investors to gain exposure to developed markets outside of North America.

investment, ETF, GAMMA