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

iShares MSCI EAFE ETF (NYSEARCA:EFA) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $107.47 and last traded at $107.32, with a volume of 10409960 shares trading hands. The stock had previously closed at $106.02.

iShares MSCI EAFE ETF Price Performance

The business’s 50 day moving average price is $104.13 and its 200 day moving average price is $102.28. The stock has a market capitalization of $79.36 billion, a P/E ratio of 16.48 and a beta of 0.78.

Institutional Trading of iShares MSCI EAFE ETF

A number of hedge funds have recently bought and sold shares of EFA. Independent Wealth Network Inc. increased its holdings in shares of iShares MSCI EAFE ETF by 0.9% in the first quarter. Independent Wealth Network Inc. now owns 11,480 shares of the exchange traded fund’s stock valued at $1,115,000 after purchasing an additional 99 shares during the last quarter. Topsail Wealth Management LLC grew its stake in iShares MSCI EAFE ETF by 0.4% in the 1st quarter. Topsail Wealth Management LLC now owns 24,254 shares of the exchange traded fund’s stock valued at $2,356,000 after buying an additional 100 shares during the last quarter. Palisade Asset Management LLC grew its stake in iShares MSCI EAFE ETF by 0.3% in the 4th quarter. Palisade Asset Management LLC now owns 36,882 shares of the exchange traded fund’s stock valued at $3,542,000 after buying an additional 101 shares during the last quarter. Financial Insights Inc. raised its holdings in iShares MSCI EAFE ETF by 2.5% in the 1st quarter. Financial Insights Inc. now owns 4,158 shares of the exchange traded fund’s stock valued at $404,000 after acquiring an additional 103 shares during the period. Finally, Osborne Partners Capital Management LLC raised its holdings in iShares MSCI EAFE ETF by 0.6% in the 4th quarter. Osborne Partners Capital Management LLC now owns 16,955 shares of the exchange traded fund’s stock valued at $1,628,000 after acquiring an additional 104 shares during the period. Hedge funds and other institutional investors own 79.80% of the company’s stock.

iShares MSCI EAFE ETF Company Profile

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.