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

iShares MSCI EAFE ETF (NYSEARCA:EFA) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $84.60 and last traded at $84.61, with a volume of 5249099 shares changing hands. The stock had previously closed at $83.71.

iShares MSCI EAFE ETF Stock Performance

The company’s 50-day simple moving average is $79.99 and its 200 day simple moving average is $79.84. The company has a market cap of $59.47 billion, a PE ratio of 17.21 and a beta of 0.86.

Hedge Funds Weigh In On iShares MSCI EAFE ETF

Large investors have recently bought and sold shares of the business. Guidance Point Advisors LLC raised its position in iShares MSCI EAFE ETF by 1.4% in the fourth quarter. Guidance Point Advisors LLC now owns 9,354 shares of the exchange traded fund’s stock worth $707,000 after acquiring an additional 126 shares in the last quarter. Armor Investment Advisors LLC raised its holdings in shares of iShares MSCI EAFE ETF by 4.7% in the 4th quarter. Armor Investment Advisors LLC now owns 2,856 shares of the exchange traded fund’s stock worth $216,000 after purchasing an additional 127 shares in the last quarter. Landmark Wealth Management LLC lifted its stake in iShares MSCI EAFE ETF by 2.3% during the fourth quarter. Landmark Wealth Management LLC now owns 5,730 shares of the exchange traded fund’s stock valued at $433,000 after purchasing an additional 130 shares during the last quarter. Blue Barn Wealth LLC lifted its stake in iShares MSCI EAFE ETF by 2.5% during the fourth quarter. Blue Barn Wealth LLC now owns 5,357 shares of the exchange traded fund’s stock valued at $405,000 after purchasing an additional 132 shares during the last quarter. Finally, EFG Asset Management Americas Corp. boosted its holdings in iShares MSCI EAFE ETF by 0.5% during the fourth quarter. EFG Asset Management Americas Corp. now owns 26,943 shares of the exchange traded fund’s stock worth $2,037,000 after buying an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 79.80% of the company’s stock.

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.