iShares Core MSCI EAFE ETF (BATS:IEFA) Sets New 12-Month High – Here’s Why

iShares Core MSCI EAFE ETF (BATS:IEFA)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $70.89 and last traded at $75.62, with a volume of 14707929 shares trading hands. The stock had previously closed at $69.78.

iShares Core MSCI EAFE ETF Trading Up 9.3 %

The firm’s 50 day moving average price is $72.62 and its 200-day moving average price is $74.15. The company has a market cap of $128.07 billion, a P/E ratio of 16.99 and a beta of 0.89.

Hedge Funds Weigh In On iShares Core MSCI EAFE ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of IEFA. Salomon & Ludwin LLC boosted its position in shares of iShares Core MSCI EAFE ETF by 10.5% in the 4th quarter. Salomon & Ludwin LLC now owns 1,448 shares of the company’s stock worth $102,000 after purchasing an additional 137 shares during the last quarter. Obermeyer Wealth Partners lifted its stake in iShares Core MSCI EAFE ETF by 3.1% in the fourth quarter. Obermeyer Wealth Partners now owns 4,527 shares of the company’s stock valued at $318,000 after buying an additional 137 shares during the period. Kraft Davis & Associates LLC boosted its holdings in iShares Core MSCI EAFE ETF by 2.2% during the fourth quarter. Kraft Davis & Associates LLC now owns 6,416 shares of the company’s stock worth $480,000 after buying an additional 139 shares during the last quarter. HTLF Bank grew its position in shares of iShares Core MSCI EAFE ETF by 4.5% during the 4th quarter. HTLF Bank now owns 3,246 shares of the company’s stock worth $228,000 after buying an additional 140 shares during the period. Finally, Union Savings Bank increased its stake in shares of iShares Core MSCI EAFE ETF by 39.6% in the 4th quarter. Union Savings Bank now owns 501 shares of the company’s stock valued at $35,000 after acquiring an additional 142 shares during the last quarter.

iShares Core MSCI EAFE ETF Company Profile

The iShares Core MSCI EAFE ETF (IEFA) is an exchange-traded fund that is based on the MSCI EAFE IMI index, a market-cap-weighted index of developed-market stocks in Europe, Australasia and the Far East, and excludes North America IEFA was launched on Oct 18, 2012 and is managed by BlackRock.