Traders Buy iShares MSCI EAFE ETF (EFA) on Weakness

Traders bought shares of iShares MSCI EAFE ETF (NYSEARCA:EFA) on weakness during trading hours on Wednesday. $219.92 million flowed into the stock on the tick-up and $143.34 million flowed out of the stock on the tick-down, for a money net flow of $76.58 million into the stock. Of all stocks tracked, iShares MSCI EAFE ETF had the 9th highest net in-flow for the day. iShares MSCI EAFE ETF traded down ($0.37) for the day and closed at $64.42

Several institutional investors and hedge funds have recently bought and sold shares of EFA. Liberty Mutual Group Asset Management Inc. raised its stake in shares of iShares MSCI EAFE ETF by 629.9% in the 2nd quarter. Liberty Mutual Group Asset Management Inc. now owns 2,482,655 shares of the exchange traded fund’s stock worth $166,263,000 after buying an additional 2,142,519 shares in the last quarter. TIAA FSB raised its stake in shares of iShares MSCI EAFE ETF by 26.0% in the 2nd quarter. TIAA FSB now owns 9,969,792 shares of the exchange traded fund’s stock worth $667,677,000 after buying an additional 2,054,575 shares in the last quarter. Morgan Stanley raised its stake in shares of iShares MSCI EAFE ETF by 11.1% in the 2nd quarter. Morgan Stanley now owns 19,984,455 shares of the exchange traded fund’s stock worth $1,338,358,000 after buying an additional 1,998,373 shares in the last quarter. Cornerstone Wealth Management LLC raised its stake in shares of iShares MSCI EAFE ETF by 6,561.5% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 1,841,891 shares of the exchange traded fund’s stock worth $27,753,000 after buying an additional 1,814,241 shares in the last quarter. Finally, Cibc Bank USA bought a new stake in shares of iShares MSCI EAFE ETF in the 2nd quarter worth $94,353,000.

About iShares MSCI EAFE ETF (NYSEARCA:EFA)

iShares MSCI EAFE ETF, formerly iShares MSCI EAFE Index Fund (the Fund), is an exchange-traded fund. The Fund’s investment objective is to seek investment results that correspond to the price and yield performance of its underlying index, MSCI EAFE Index (the Index). The Index has been developed by MSCI Inc as an equity benchmark for its international stock performance.

Further Reading: What is the Ex-Dividend Date in Investing?

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