iShares Core MSCI EAFE ETF (BATS:IEFA) Reaches New 12-Month High – Should You Buy?

iShares Core MSCI EAFE ETF (BATS:IEFA) reached a new 52-week high during trading on Wednesday . The company traded as high as $98.34 and last traded at $98.3550, with a volume of 4084539 shares changing hands. The stock had previously closed at $97.62.

iShares Core MSCI EAFE ETF Price Performance

The stock has a market cap of $168.13 billion, a price-to-earnings ratio of 16.18 and a beta of 0.84. The firm has a 50 day simple moving average of $93.62 and a two-hundred day simple moving average of $89.60.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Arwa LLC bought a new stake in iShares Core MSCI EAFE ETF in the fourth quarter valued at approximately $1,376,000. Instrumental Wealth LLC boosted its position in shares of iShares Core MSCI EAFE ETF by 106.2% during the fourth quarter. Instrumental Wealth LLC now owns 229,591 shares of the company’s stock worth $22,599,000 after purchasing an additional 118,249 shares in the last quarter. Beacon Advisors Holdings LLC acquired a new position in shares of iShares Core MSCI EAFE ETF in the 4th quarter valued at $9,141,000. Compass Financial Services Inc increased its position in shares of iShares Core MSCI EAFE ETF by 12.0% in the 4th quarter. Compass Financial Services Inc now owns 6,136 shares of the company’s stock valued at $549,000 after buying an additional 659 shares in the last quarter. Finally, Tempo Wealth LLC acquired a new stake in iShares Core MSCI EAFE ETF during the 4th quarter worth $851,000.

About iShares Core MSCI EAFE ETF

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.