Fisher Asset Management Reduces Stake in iShares MSCI EAFE Growth ETF

Fisher Asset Management LLC has reduced its investment in the iShares MSCI EAFE Growth ETF (BATS: EFG) by 36.4% during the third quarter, according to recent reports. After selling 2,191 shares during this quarter, the institutional investor now holds a total of 3,822 shares of the ETF.

As per the latest filing with the Securities and Exchange Commission, Fisher Asset Management’s total holdings in the iShares MSCI EAFE Growth ETF are valued at approximately $412,000. This significant decrease in shares reflects a strategic shift in the firm’s investment approach.

Other institutional investors have also been active with their positions regarding iShares MSCI EAFE Growth ETF. Davis Capital Management took advantage of the market by acquiring a new position, investing around $25,000 in the third quarter. In a notable move, Evermay Wealth Management LLC increased its stake dramatically, boosting it by an impressive 833.3%. Following this adjustment, they now own 252 shares valued at $27,000 after buying an additional 225 shares in the same period.

Furthermore, Viewpoint Capital Management LLC also entered the market anew with shares valued at approximately $30,000. Similarly, Thurston Springer Miller Herd & Titak Inc. increased its holdings by 176.2%, bringing their total to 279 shares after purchasing 178 additional shares during the last quarter.

Another noteworthy investor, Northwest Investment Counselors LLC, added a fresh stake in the ETF valued at about $51,000. These movements indicate heightened interest and varying strategies among institutional investors in the iShares MSCI EAFE Growth ETF.

iShares MSCI EAFE Growth ETF Performance Overview

As of the latest market data, shares of the iShares MSCI EAFE Growth ETF opened at $101.11. This investment product has an impressive market cap of $11.89 billion and displays a price-to-earnings (P/E) ratio of 24.36 with a beta value of 0.97. Over the past year, the stock has experienced a low point of $67.58 and a high of $85.81. Analysts note that the ETF has a 50-day moving average of $102.83 and a 200-day moving average of $103.33.

About iShares MSCI EAFE Growth ETF

The iShares MSCI EAFE Growth ETF, formerly known as the iShares MSCI EAFE Growth Index Fund, operates as an exchange-traded fund aimed at replicating the performance of the MSCI EAFE Growth Index. This index comprises companies from Europe, Australasia, and the Far East, targeting growth-oriented securities.

Current Investment Trends

As institutional investors continue to adjust their portfolios, it will be interesting to monitor future developments regarding the iShares MSCI EAFE Growth ETF. With varying strategies from different investment management firms, the ETF remains a focal point for growth-oriented investments in international markets.

Fisher, ETF, Investment