GAMMA Investing LLC Expands Its Holdings in iShares MSCI EAFE ETF

In the latest financial disclosures, GAMMA Investing LLC has reported a notable increase in its investment in the iShares MSCI EAFE ETF (NYSEARCA:EFA). During the third quarter, the firm raised its position by 18.4%, acquiring an additional 590 shares. Following this purchase, GAMMA Investing now owns a total of 3,798 shares of the ETF. The value of these holdings amounted to approximately $318,000 at the close of the quarter.

This move by GAMMA is aligned with trends observed among various hedge funds and institutional investors. Several other funds have also made significant adjustments to their holdings of the iShares MSCI EAFE ETF. For instance, JPMorgan Chase & Co. expanded its investment in the ETF by 17.6% in the first quarter, now holding over 27 million shares, valued at around $2.19 billion after adding more than 4 million shares.

Envestnet Asset Management Inc. has also increased its stake by 33.1% in the second quarter, bringing its total to over 8.7 million shares worth approximately $686 million. Notably, Natixis Advisors LLC made a dramatic increase of 764.7% during the second quarter, acquiring over 1.7 million additional shares, raising their total to nearly 2 million shares valued at about $151 million.

Furthermore, TD Asset Management Inc. raised its stake by 31.0%, now owning around 5.8 million shares valued at approximately $456 million, while the Toronto Dominion Bank increased its holdings by 109.4%, taking ownership of over 1.35 million shares worth about $106 million. Overall, a significant 79.80% of the iShares MSCI EAFE ETF is now held by institutional investors, indicating strong confidence in the fund.

Performance and Overview of iShares MSCI EAFE ETF

The iShares MSCI EAFE ETF is designed to track the performance of the MSCI EAFE Index, which is recognized as a benchmark for international stock performance. Currently, the ETF's shares opened at $81.88, with a 50-day moving average of $81.04 and a 200-day moving average of $79.98. Over the past year, the shares have fluctuated, recording a low of $65.68 and a high of $84.56.

Conclusion

GAMMA Investing LLC's increased shareholding in the iShares MSCI EAFE ETF reflects a growing interest in international equities among institutional investors. As more firms adjust their positions, the ETF remains a focal point for those seeking exposure to developed markets outside the United States and Canada.

Investment, ETF, Shares