SPDR MSCI EAFE StrategicFactors ETF (NYSEARCA:QEFA) Sets New 12-Month High – Still a Buy?

SPDR MSCI EAFE StrategicFactors ETF (NYSEARCA:QEFA)’s share price hit a new 52-week high on Monday . The stock traded as high as $93.23 and last traded at $93.3050, with a volume of 1801 shares changing hands. The stock had previously closed at $92.96.

SPDR MSCI EAFE StrategicFactors ETF Stock Up 0.3%

The firm has a market cap of $998.15 million, a price-to-earnings ratio of 15.98 and a beta of 0.76. The company has a 50 day moving average of $89.60 and a 200 day moving average of $87.73.

Institutional Trading of SPDR MSCI EAFE StrategicFactors ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Salem Investment Counselors Inc. acquired a new stake in SPDR MSCI EAFE StrategicFactors ETF in the third quarter valued at $46,000. JPMorgan Chase & Co. lifted its position in shares of SPDR MSCI EAFE StrategicFactors ETF by 217.0% during the second quarter. JPMorgan Chase & Co. now owns 913 shares of the company’s stock worth $78,000 after purchasing an additional 625 shares during the last quarter. Raymond James Financial Inc. acquired a new position in SPDR MSCI EAFE StrategicFactors ETF in the second quarter worth about $119,000. Seed Wealth Management Inc. bought a new stake in SPDR MSCI EAFE StrategicFactors ETF in the second quarter valued at about $213,000. Finally, AQR Capital Management LLC acquired a new stake in SPDR MSCI EAFE StrategicFactors ETF during the first quarter valued at approximately $218,000.

SPDR MSCI EAFE StrategicFactors ETF Company Profile

The SPDR MSCI EAFE StrategicFactors ETF (QEFA) is an exchange-traded fund that is based on the MSCI EAFE Factor Mix A-Series (USD) index. The fund tracks an index of securities from developed markets in Europe, Australia and the Far East. The index equal-weights 3 subindexes: value, minimum volatility and quality. QEFA was launched on Jun 4, 2014 and is managed by State Street.