GAMMA Investing LLC Expands Stake in iShares MSCI EAFE ETF

In a recent filing with the Securities and Exchange Commission (SEC), GAMMA Investing LLC announced a significant increase in its holdings of the iShares MSCI EAFE ETF (NYSEARCA:EFA). During the third quarter, the firm boosted its position by 18.4%, bringing its total shares to 3,798 following the acquisition of an additional 590 shares.

The value of GAMMA Investing LLC’s stake in the iShares MSCI EAFE ETF reached approximately $318,000 at the end of the most recent quarter, showcasing the firm’s commitment to investing in this exchange-traded fund.

Other institutional investors have also been active in the iShares MSCI EAFE ETF. Notably, JPMorgan Chase & Co. raised its holdings in the ETF by 17.6% in the first quarter. After acquiring an additional 4,116,234 shares, JPMorgan now controls 27,440,338 shares, valued at around $2.19 billion.

Meanwhile, Envestnet Asset Management Inc. increased its stake in the ETF by 33.1% during the second quarter, acquiring 2,179,857 additional shares for a total of 8,765,455 shares valued at $686.6 million. Natixis Advisors LLC made headlines with a remarkable 764.7% increase during the same quarter, adding 1,711,236 shares to reach a total of 1,935,011 shares worth about $151.6 million.

TD Asset Management Inc. and Toronto Dominion Bank also expanded their holdings in the iShares MSCI EAFE ETF, with increases of 31.0% and 109.4%, respectively, during the second quarter. Together, these institutional investments highlight a strong interest in the fund, with about 79.80% of its shares owned by institutional players.

Current Market Performance of iShares MSCI EAFE ETF

As of the last trading session, the iShares MSCI EAFE ETF opened at $81.88. The fund has demonstrated consistent performance, with a 50-day moving average of $81.04 and a 200-day moving average of $79.98. It has experienced fluctuations, recording a 52-week low of $65.68 and a high of $84.56.

Overview of iShares MSCI EAFE ETF

The iShares MSCI EAFE ETF, formerly known as the iShares MSCI EAFE Index Fund, is designed to track the performance of the MSCI EAFE Index. This index serves as an equity benchmark for international stock performance, allowing investors to gain exposure to large and mid-cap companies in developed markets outside of the United States and Canada.

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