Horst & Graben Wealth Management LLC Sells Shares of iShares MSCI EAFE Growth ETF

On October 22, 2024, Horst & Graben Wealth Management LLC announced a decrease in its investment in the iShares MSCI EAFE Growth ETF (BATS: EFG) as per their recent 13F filing with the Securities and Exchange Commission. During the third quarter, the firm reduced its ownership by 8,429 shares, bringing their total holdings to 193,019 shares. This sale represents a 4.2% reduction in their position.

The iShares MSCI EAFE Growth ETF makes up approximately 3.7% of Horst & Graben Wealth Management's total portfolio, positioning it as their eighth largest investment. By the close of the latest reporting period, their holdings in the fund were valued at about $20,779,000.

In addition to Horst & Graben Wealth Management, other institutional investors have also adjusted their stakes in the iShares MSCI EAFE Growth ETF recently. For instance, Northwest Investment Counselors LLC acquired a new position worth $51,000 in the third quarter, while Marino Stram & Associates LLC invested roughly $207,000 in a new stake. Triad Wealth Partners LLC significantly increased their holdings by 15,270.6%, now owning 30,280 shares valued at approximately $3,260,000 following a purchase of an additional 30,083 shares.

Koss Olinger Consulting LLC also raised its investment in the ETF by 0.6%, bringing their total to 108,836 shares worth $11,716,000 after adding 670 shares over the last quarter. Similarly, Midwest Heritage Bank FSB grew its holdings in the iShares MSCI EAFE Growth ETF by 3.9%, owning 6,510 shares valued at $701,000 after acquiring an extra 244 shares during this quarter.

Current Performance of iShares MSCI EAFE Growth ETF

The iShares MSCI EAFE Growth ETF was trading at $103.93 on Tuesday, reflecting a decline of 1.1%. The fund has a market capitalization of $12.22 billion, a price-to-earnings ratio of 24.36, and a beta of 0.97. Its 50-day moving average is $105.33, while the 200-day moving average stands at $103.32. The ETF has hit a one-year low of $67.58 and a one-year high of $85.81.

About iShares MSCI EAFE Growth ETF

The iShares MSCI EAFE Growth ETF, previously known as iShares MSCI EAFE Growth Index Fund, is an exchange-traded fund designed to deliver investment results that mirror the performance of the MSCI EAFE Growth Index. This index includes stocks from Europe, Australasia, and the Far East, focusing on growth-oriented companies.

Conclusion

Overall, the adjustments to the holdings of the iShares MSCI EAFE Growth ETF by various institutional investors, including Horst & Graben Wealth Management, highlight ongoing strategies in portfolio management. It reflects market changes and investor sentiment regarding international growth opportunities.

Horst, Graben, Wealth, Management, ETF