Atomi Financial Group Inc. Increases Stake in iShares MSCI EAFE Min Vol Factor ETF

Atomi Financial Group Inc. has recently increased its investment in the iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV) by 3.2% during the third quarter, as reflected in its latest filing with the SEC. Following the acquisition of an additional 165 shares, Atomi Financial Group now holds a total of 5,322 shares in this ETF. The value of its holdings in the iShares MSCI EAFE Min Vol Factor ETF is estimated at $408,000 as of the end of the most recent quarter.

In addition to Atomi Financial Group, other institutional investors have also been adjusting their positions in the ETF. For instance, Tsfg LLC initiated a new investment in this ETF during the second quarter, with an estimated worth of around $26,000. During the first quarter, Sound Income Strategies LLC significantly increased its stake by 113.9%, owning a total of 400 shares valued at $28,000 after adding 213 shares in the previous quarter. Similarly, Fairscale Capital LLC and Naples Money Management LLC each made new investments in this ETF during the second and first quarters, respectively, both valued around $29,000. Family Firm Inc. also acquired a new stake in the second quarter, worth approximately $29,000.

Recent Performance of iShares MSCI EAFE Min Vol Factor ETF

As of Friday, shares of the iShares MSCI EAFE Min Vol Factor ETF opened at $75.77. The ETF has experienced a 52-week low of $64.68 and a high of $76.51. Its average price over the last 50 days stands at $75.37, while the 200-day moving average is recorded at $72.20. With a market capitalization of $7.26 billion, the ETF has a price-to-earnings (P/E) ratio of 16.91 and a beta of 0.53, indicating its volatility compared to the broader market.

Overview of iShares MSCI EAFE Min Vol Factor ETF

The iShares MSCI EAFE Min Vol Factor ETF (EFAV) is an exchange-traded fund designed to track the MSCI EAFE Minimum Volatility (USD) index. This ETF focuses on equities from developed markets outside of the United States and Canada. It carefully selects and weighs these equities to create a portfolio that aims for low volatility while adhering to specific constraints, particularly concerning sector exposure.

Conclusion

Overall, Atomi Financial Group Inc.'s acquisition of shares in the iShares MSCI EAFE Min Vol Factor ETF is part of a broader trend wherein institutional investors are reevaluating their positions in this ETF. The performance metrics indicate a stable investment option in the current market.

Acquisition, ETF, Investment