iShares MSCI EAFE ETF (NYSEARCA:EFA) Sets New 12-Month High – Here’s Why

iShares MSCI EAFE ETF (NYSEARCA:EFA)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $95.53 and last traded at $95.30, with a volume of 12811948 shares traded. The stock had previously closed at $95.08.

iShares MSCI EAFE ETF Stock Performance

The stock has a market cap of $68.73 billion, a P/E ratio of 16.48 and a beta of 0.86. The firm’s fifty day simple moving average is $91.81 and its 200-day simple moving average is $87.95.

Institutional Investors Weigh In On iShares MSCI EAFE ETF

Large investors have recently made changes to their positions in the business. Brighton Jones LLC grew its position in shares of iShares MSCI EAFE ETF by 5.3% during the 4th quarter. Brighton Jones LLC now owns 236,460 shares of the exchange traded fund’s stock valued at $17,879,000 after acquiring an additional 11,902 shares during the period. Revolve Wealth Partners LLC bought a new stake in shares of iShares MSCI EAFE ETF in the 4th quarter worth approximately $629,000. Rhumbline Advisers lifted its stake in iShares MSCI EAFE ETF by 28.2% in the first quarter. Rhumbline Advisers now owns 102,645 shares of the exchange traded fund’s stock valued at $8,389,000 after purchasing an additional 22,581 shares during the last quarter. Congress Asset Management Co. increased its position in iShares MSCI EAFE ETF by 3.1% in the first quarter. Congress Asset Management Co. now owns 26,606 shares of the exchange traded fund’s stock worth $2,174,000 after buying an additional 801 shares during the last quarter. Finally, KMG Fiduciary Partners LLC raised its stake in shares of iShares MSCI EAFE ETF by 1.4% in the first quarter. KMG Fiduciary Partners LLC now owns 26,616 shares of the exchange traded fund’s stock valued at $2,175,000 after buying an additional 370 shares during the period. 79.80% of the stock is owned by hedge funds and other institutional investors.

About iShares MSCI EAFE ETF

iShares MSCI EAFE ETF, formerly iShares MSCI EAFE Index Fund (the Fund), is an exchange-traded fund. The Fund’s investment objective is to seek investment results that correspond to the price and yield performance of its underlying index, MSCI EAFE Index (the Index). The Index has been developed by MSCI Inc as an equity benchmark for its international stock performance.