HighTower Advisors LLC Reduces Holdings in iShares MSCI EAFE Min Vol Factor ETF

HighTower Advisors LLC has reduced its stake in the iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV) by 4.4% during the third quarter. This information was disclosed in the latest filing with the Securities and Exchange Commission. Following this decrease, HighTower Advisors LLC now holds a total of 101,717 shares. This reflects a sale of 4,671 shares during the quarter. As of the most recent reporting period, the value of HighTower's holdings in the ETF stood at approximately $7,811,000.

In addition to HighTower Advisors, several other institutional investors and hedge funds have been adjusting their positions in the iShares MSCI EAFE Min Vol Factor ETF. For instance, QRG Capital Management Inc. purchased a new stake in the ETF during the second quarter, which was valued at around $454,000. Similarly, Friedenthal Financial increased its holdings in the ETF by 1.8% in the same quarter and now owns 93,133 shares worth about $6,459,000 after buying an additional 1,605 shares. Andina Capital Management LLC also made a new investment in the ETF during the second quarter, valued at approximately $646,000.

Tsfg LLC acquired a new position in the iShares MSCI EAFE Min Vol Factor ETF valued at about $26,000. Furthermore, 180 Wealth Advisors LLC grew its stake in the ETF by 12.6% in the second quarter, bringing their total to 3,439 shares worth around $245,000 after an additional purchase of 385 shares.

Current Trading Status of iShares MSCI EAFE Min Vol Factor ETF

As of the latest trading session, the iShares MSCI EAFE Min Vol Factor ETF opened at $74.53. The ETF has experienced a twelve-month low of $64.68 and a high of $76.51. The market capitalization of the ETF is currently at $7.14 billion, with a price-to-earnings (P/E) ratio of 16.91 and a beta of 0.53. Additionally, the 50-day moving average is set at $74.27, while the 200-day moving average stands at $73.31.

About iShares MSCI EAFE Min Vol Factor ETF

The iShares MSCI EAFE Min Vol Factor ETF (EFAV) is designed to track the MSCI EAFE Minimum Volatility (USD) index. This ETF focuses on developed market equities outside of the United States and Canada and aims to create a low volatility investment portfolio, while considering specific constraints related to sector exposure.

HighTower, ETF, Investments