Koshinski Asset Management Increases Stake in iShares Core MSCI EAFE ETF

Koshinski Asset Management Inc. has expanded its holdings in the iShares Core MSCI EAFE ETF (BATS:IEFA) by 3.0% during the second quarter of 2023. According to the company’s recent Form 13F filing with the Securities and Exchange Commission, Koshinski now owns a total of 52,204 shares after acquiring an additional 1,509 shares during the quarter. As of the latest filing, these holdings are valued at approximately $4.36 million.

Several institutional investors have also made significant adjustments to their positions in the iShares Core MSCI EAFE ETF. The Alaska Permanent Fund Corp notably increased its holdings by 198.2% in the first quarter, now owning 7,583,471 shares valued at $596.9 million after purchasing an additional 5,040,373 shares.

In a similar vein, Truist Financial Corp raised its position in the ETF by 40.1% during the second quarter, bringing its total to 15,245,913 shares worth $1.27 billion after acquiring an additional 4,362,206 shares. The National Bank of Canada FI also substantially increased its stake, with a 308.9% rise in the first quarter, resulting in ownership of 3,509,149 shares valued at $265.4 million.

The Bank of New York Mellon Corp reported a 7.2% increase in its holdings during the first quarter, now holding 32,276,425 shares, valued at $2.44 billion after buying an additional 2,175,194 shares. Additionally, Nuveen LLC acquired a new stake in the ETF during the same quarter, valued at approximately $140.35 million.

Performance and Market Overview

As of the latest trading session, shares of the iShares Core MSCI EAFE ETF opened at $88.14. The ETF has experienced a 26.3% increase in value over the past year. Its 50-day moving average stands at $86.66, while the 200-day moving average is at $82.47. Over the past twelve months, the ETF has seen a low of $66.95 and a high of $87.36.

The market capitalization of the iShares Core MSCI EAFE ETF is currently $150.72 billion, with a price-to-earnings ratio of 16.18 and a beta of 0.84. This ETF is designed to track the performance of the MSCI EAFE IMI Index, which includes developed-market stocks from Europe, Australasia, and the Far East, while excluding North American companies. Launched on October 18, 2012, the fund is managed by BlackRock.

Investors interested in the latest movements and holdings related to the iShares Core MSCI EAFE ETF can visit HoldingsChannel.com for recent 13F filings and insider trades. Additionally, MarketBeat.com offers a free daily email newsletter summarizing news and analysts’ ratings for the ETF and related companies.