Webster Bank N. A. has increased its holdings in the iShares Core MSCI EAFE ETF (BATS:IEFA) by 3.3% during the third quarter, according to a recent filing with the Securities and Exchange Commission. The institutional investor now owns a total of 192,482 shares after acquiring an additional 6,229 shares. The iShares Core MSCI EAFE ETF now represents approximately 1.6% of Webster Bank N. A.’s investment portfolio, making it the bank’s 13th largest position. As of the latest reporting period, the value of Webster Bank N. A.’s holdings in this ETF stands at an impressive $16,806,000.
Several other institutional investors have also adjusted their positions in the iShares Core MSCI EAFE ETF. Bank of America Corp DE raised its stake by 2.5% in the second quarter, bringing its total ownership to 220,025,516 shares, valued at approximately $18.37 billion. This increase followed the acquisition of an additional 5,414,037 shares during the last quarter. Similarly, Jones Financial Companies Lllp expanded its position by 0.7% in the first quarter, now holding 89,235,188 shares worth around $6.82 billion.
Envestnet Asset Management Inc. has also made a significant move, increasing its stake by 10.1% in the second quarter. The firm now owns 40,235,704 shares valued at approximately $3.36 billion after purchasing an additional 3,675,689 shares. Raymond James Financial Inc. and US Bancorp DE also reported increases in their holdings, with Raymond James expanding its position by 2.9% and US Bancorp DE by 0.7%.
The iShares Core MSCI EAFE ETF has demonstrated strong performance recently, with its stock price opening at $91.34 on Friday. Over the past twelve months, the stock has experienced a low of $66.95 and a high of $87.36. The fund has a market capitalization of $156.19 billion, a price-to-earnings ratio of 16.18, and a beta of 0.84.
About the iShares Core MSCI EAFE ETF
The iShares Core MSCI EAFE ETF, launched on October 18, 2012, is designed to track the MSCI EAFE IMI Index. This index includes developed-market stocks from Europe, Australasia, and the Far East, excluding North America. Managed by BlackRock, the ETF provides investors with exposure to a broad range of international equities, reflecting the performance of markets outside the United States.
As institutional investors continue to adjust their portfolios, the iShares Core MSCI EAFE ETF remains a popular choice for those seeking diversified exposure to international markets. The ongoing interest from firms like Webster Bank N. A. and others underscores the ETF’s significance in investment strategies focused on global equities.
