Fisher Asset Management Reduces Stake in iShares MSCI EAFE Growth ETF

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

Based on their latest filing with the Securities and Exchange Commission (SEC), Fisher's stake in the iShares MSCI EAFE Growth ETF is valued at approximately $412,000. This adjustment reflects a strategic move as the investment landscape evolves.

In addition to Fisher Asset Management's actions, several other institutional investors have also altered their positions in the iShares MSCI EAFE Growth ETF during the same quarter. For instance, Davis Capital Management acquired a new stake valued at around $25,000. Similarly, Evermay Wealth Management LLC significantly increased its position by 833.3%, now owning 252 shares valued at $27,000 after purchasing an additional 225 shares.

Viewpoint Capital Management LLC has also made moves in this market, buying a new stake valued at $30,000. Meanwhile, Thurston Springer Miller Herd & Titak Inc. raised its holdings by 176.2%, owning 279 shares valued at $30,000 after acquiring an additional 178 shares. Northwest Investment Counselors LLC also entered the fray with a new stake worth about $51,000.

Current Performance of iShares MSCI EAFE Growth ETF

As of the latest trading session, shares of the iShares MSCI EAFE Growth ETF opened at $101.11. The fund has a market capitalization of $11.89 billion and is trading at a price-to-earnings ratio of 24.36. With a beta of 0.97, the ETF exhibits relative stability compared to the overall market. Over the past year, the fund's price has fluctuated, with a low of $67.58 and a high of $85.81. The ETF's moving averages indicate ongoing trends, with 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, previously known as the iShares MSCI EAFE Growth Index Fund, operates as an exchange-traded fund (ETF). The primary objective of the fund is to mimic the investment results that align with the price and yield performance of the MSCI EAFE Growth Index. This index focuses on growth-oriented securities from regions including Europe and the Asia-Pacific area.

Conclusion

In summary, Fisher Asset Management's strategic decision to lower its investment in the iShares MSCI EAFE Growth ETF aligns with the movements observed among various institutional investors during the third quarter. As the investment climate shifts, monitoring such trends can provide insights into market behavior.

Fisher, ETF, Investment