In an increasingly competitive investment landscape, hedge fund powerhouses like Welch & Forbes LLC continue to astound with their strategic financial moves. With a reputation for shrewd investments, the firm once again made headlines with the announcement of a new stake in iShares MSCI EAFE Small-Cap ETF (NASDAQ: SCZ). According to the company’s recently filed 13F with the SEC, Welch & Forbes LLC snagged 3,764 shares of the small-cap ETF valued at approximately $224,000 during the first quarter of this year. Welch & Forbes LLC’s decision to invest in SCZ comes amid criticism from some quarters regarding small-cap stocks’ performance. Creative Planning and BlackRock Inc. also boosted their stake in shares of the small-cap ETF, demonstrating faith in its potential for growth and success.

Source: Forbes June 28, 2023 03:09 UTC