Webster Bank N.A. has increased its investment in the iShares Core MSCI EAFE ETF (BATS:IEFA) by 3.3%, acquiring an additional 6,229 shares during the third quarter of 2023. This brings the bank’s total holdings in the ETF to 192,482 shares, representing approximately 1.6% of its overall investment portfolio. The value of this stake was reported at $16,806,000 at the close of the quarter.
The iShares Core MSCI EAFE ETF serves as a key component of Webster Bank’s investment strategy, ranking as its 13th largest holding. The ETF is designed to track the performance of developed market stocks in Europe, Australasia, and the Far East, excluding North America. Managed by BlackRock, it was launched on October 18, 2012, and is based on the MSCI EAFE IMI index.
Several other institutional investors have also adjusted their positions in the iShares Core MSCI EAFE ETF during the same period. Notably, Wingate Wealth Advisors Inc. increased its stake by 1.5%, now owning 17,662 shares valued at $1,542,000 after acquiring an additional 260 shares. Trevian Wealth Management LLC expanded its holdings by 15.5%, bringing its total to 20,092 shares worth $1,754,000 following the purchase of 2,701 shares.
In addition, Lee Kelleher Wealth Management grew its investment by 11.1%, now holding 17,387 shares valued at $1,518,000 after adding 1,738 shares. Similarly, tru Independence LLC increased its position by 11.4%, now owning 10,571 shares worth $923,000 after acquiring an additional 1,080 shares.
As of the latest trading session, the iShares Core MSCI EAFE ETF opened at $91.34, reflecting a significant year-to-date increase of 30.9%. The ETF has experienced a 52-week low of $66.95 and a 52-week high of $87.36. Its 50-day simple moving average stands at $88.86, while the 200-day simple moving average is at $86.69. The ETF currently boasts a market capitalization of $156.19 billion, a price-to-earnings ratio of 16.18, and a beta of 0.84.
For those interested in tracking further developments in the iShares Core MSCI EAFE ETF and similar investments, the latest 13F filings and insider trades can be viewed on financial news platforms such as HoldingsChannel.com.
