iShares MSCI EAFE ETF (NYSEARCA:EFA) Reaches New 52-Week High – Here’s Why

iShares MSCI EAFE ETF (NYSEARCA:EFAGet Free Report)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $108.76 and last traded at $108.67, with a volume of 319631 shares. The stock had previously closed at $108.09.

iShares MSCI EAFE ETF Price Performance

The company’s 50 day simple moving average is $104.33 and its 200 day simple moving average is $102.47. The stock has a market cap of $80.27 billion, a P/E ratio of 16.48 and a beta of 0.78.

Institutional Trading of iShares MSCI EAFE ETF

Several hedge funds have recently bought and sold shares of the stock. Horizon Investments LLC raised its stake in shares of iShares MSCI EAFE ETF by 2,520.0% in the 4th quarter. Horizon Investments LLC now owns 262 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 252 shares during the period. Hilton Head Capital Partners LLC bought a new stake in iShares MSCI EAFE ETF during the fourth quarter worth $26,000. Atlas Capital Advisors Inc. acquired a new stake in iShares MSCI EAFE ETF in the 4th quarter valued at about $29,000. Scarborough Advisors LLC acquired a new stake in shares of iShares MSCI EAFE ETF in the first quarter valued at approximately $33,000. Finally, GeoWealth Management LLC acquired a new stake in iShares MSCI EAFE ETF during the 4th quarter valued at $37,000. 79.80% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI EAFE ETF Company Profile

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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. The Index includes stocks from Europe, Australasia and the Far East. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.

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