Franklin Resources Inc. Reduces Holdings in iShares MSCI EAFE Growth ETF

On December 23, 2024, it was reported that Franklin Resources Inc. has decreased its position in the iShares MSCI EAFE Growth ETF (BATS:EFG) by 7.1% during the third quarter of the year. Following the sale of 5,977 shares, Franklin now holds a total of 77,642 shares of the ETF, which were valued at approximately $8,270,000.

In addition to Franklin Resources, several other institutional investors have also adjusted their stakes in the iShares MSCI EAFE Growth ETF. For instance, Farther Finance Advisors LLC increased its holdings by 33.3% in the second quarter, acquiring an additional 37,204 shares to own a total of 149,071 shares, valued at $15,222,000. Meanwhile, Disciplined Investments LLC raised its stake by 2.0%, bringing its total to 30,345 shares worth $3,104,000 after purchasing 590 more shares during the same period.

Furthermore, Citizens Financial Group Inc. RI expanded its position by an impressive 264.3%, adding 9,437 shares to reach a total of 13,007 shares valued at $1,331,000. Concurrently, Ritter Daniher Financial Advisory LLC DE increased its stake by 3.8%, currently owning 9,055 shares valued at $975,000 after acquiring an additional 332 shares.

Lastly, Concurrent Investment Advisors LLC raised its position by 61.0% in the second quarter, now holding 19,527 shares worth $1,998,000 after buying 7,399 additional shares.

Current Performance of iShares MSCI EAFE Growth ETF

The stock of iShares MSCI EAFE Growth ETF recently opened at $96.99, showing a decrease of 0.7%. As of now, the ETF has a market capitalization of $11.41 billion, a price-to-earnings (P/E) ratio of 24.36, and a beta of 0.97. The fifty-day moving average price stands at $101.36, while the 200-day moving average price is $103.04. EFG’s stock has seen a 12-month low of $67.58 and a high of $85.81.

About iShares MSCI EAFE Growth ETF

The iShares MSCI EAFE Growth ETF, formerly known as iShares MSCI EAFE Growth Index Fund, is an exchange-traded fund (ETF). Its objective is to deliver investment results that generally correspond to the price and yield performance of the MSCI EAFE Growth Index. This index includes stocks from Europe, Australasia (including Australia and Asia), and the Far East.

Franklin, iShares, ETF