iShares MSCI EAFE ETF (NYSEARCA:EFA) Hits New 1-Year High – Time to Buy?

Shares of iShares MSCI EAFE ETF (NYSEARCA:EFA) hit a new 52-week high on Monday . The stock traded as high as $99.26 and last traded at $99.2660, with a volume of 1423823 shares changing hands. The stock had previously closed at $98.81.

iShares MSCI EAFE ETF Trading Up 0.4%

The firm’s fifty day simple moving average is $95.45 and its two-hundred day simple moving average is $93.04. The company has a market capitalization of $73.24 billion, a price-to-earnings ratio of 16.48 and a beta of 0.84.

Hedge Funds Weigh In On iShares MSCI EAFE ETF

Hedge funds have recently modified their holdings of the business. Dynamic Advisor Solutions LLC grew its stake in iShares MSCI EAFE ETF by 20.2% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 33,486 shares of the exchange traded fund’s stock worth $3,127,000 after buying an additional 5,638 shares during the last quarter. Atlantic Union Bankshares Corp boosted its holdings in shares of iShares MSCI EAFE ETF by 49.7% during 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 acquiring an additional 32,097 shares during the period. Global Retirement Partners LLC grew its position in shares of iShares MSCI EAFE ETF by 26.1% during the third quarter. Global Retirement Partners LLC now owns 48,460 shares of the exchange traded fund’s stock worth $4,525,000 after acquiring an additional 10,032 shares during the last quarter. Ellis Investment Partners LLC grew its position in shares of iShares MSCI EAFE ETF by 153.1% during the second quarter. Ellis Investment Partners LLC now owns 54,314 shares of the exchange traded fund’s stock worth $4,855,000 after acquiring an additional 32,851 shares during the last quarter. Finally, Croban increased its holdings in shares of iShares MSCI EAFE ETF by 40.8% in the 3rd quarter. Croban now owns 44,114 shares of the exchange traded fund’s stock worth $4,119,000 after acquiring an additional 12,793 shares during the period. 79.80% of the stock is currently owned by hedge funds and other institutional investors.

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.