iShares MSCI EAFE ETF (NYSEARCA:EFA) Reaches New 52-Week High – Still a Buy?

Shares of iShares MSCI EAFE ETF (NYSEARCA:EFA) hit a new 52-week high during trading on Thursday . The company traded as high as $97.02 and last traded at $96.9970, with a volume of 3170770 shares traded. The stock had previously closed at $96.44.

iShares MSCI EAFE ETF Stock Up 0.7%

The business has a 50-day moving average price of $94.54 and a 200-day moving average price of $91.78. The firm has a market capitalization of $70.05 billion, a P/E ratio of 16.48 and a beta of 0.84.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in EFA. Atlantic Union Bankshares Corp raised its holdings in shares of iShares MSCI EAFE ETF by 49.7% in the second quarter. Atlantic Union Bankshares Corp now owns 96,644 shares of the exchange traded fund’s stock valued at $8,639,000 after purchasing an additional 32,097 shares during the last quarter. Ellis Investment Partners LLC grew its position in iShares MSCI EAFE ETF by 153.1% in the 2nd quarter. Ellis Investment Partners LLC now owns 54,314 shares of the exchange traded fund’s stock worth $4,855,000 after purchasing an additional 32,851 shares in the last quarter. CMG Global Holdings LLC increased its stake in iShares MSCI EAFE ETF by 6.0% in the 2nd quarter. CMG Global Holdings LLC now owns 31,388 shares of the exchange traded fund’s stock valued at $2,803,000 after buying an additional 1,785 shares during the last quarter. Cove Private Wealth LLC bought a new position in shares of iShares MSCI EAFE ETF during the 2nd quarter worth approximately $312,000. Finally, Townsend Asset Management Corp NC ADV lifted its position in shares of iShares MSCI EAFE ETF by 2.1% during the 2nd quarter. Townsend Asset Management Corp NC ADV now owns 7,914 shares of the exchange traded fund’s stock worth $707,000 after buying an additional 164 shares in the last quarter. 79.80% of the stock is owned by 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.