iShares MSCI EAFE Growth ETF (BATS:EFG) Hits New 1-Year High – Here’s Why

iShares MSCI EAFE Growth ETF (BATS:EFG) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $124.65 and last traded at $124.39, with a volume of 16480 shares traded. The stock had previously closed at $123.54.

iShares MSCI EAFE Growth ETF Stock Up 0.5%

The firm has a market cap of $14.59 billion, a P/E ratio of 24.98 and a beta of 0.96. The firm has a fifty day moving average of $120.06 and a 200-day moving average of $117.78.

Institutional Trading of iShares MSCI EAFE Growth ETF

Several institutional investors and hedge funds have recently bought and sold shares of EFG. Bank of America Corp DE raised its stake in iShares MSCI EAFE Growth ETF by 35.0% in the first quarter. Bank of America Corp DE now owns 4,708,538 shares of the company’s stock valued at $524,390,000 after buying an additional 1,221,082 shares during the period. Cetera Investment Advisers raised its stake in iShares MSCI EAFE Growth ETF by 125.2% in the first quarter. Cetera Investment Advisers now owns 2,208,206 shares of the company’s stock valued at $245,928,000 after buying an additional 1,227,595 shares during the period. Bank of New York Mellon Corp raised its stake in iShares MSCI EAFE Growth ETF by 166.6% in the first quarter. Bank of New York Mellon Corp now owns 1,472,363 shares of the company’s stock valued at $163,977,000 after buying an additional 920,188 shares during the period. MML Investors Services LLC raised its stake in iShares MSCI EAFE Growth ETF by 8.0% in the second quarter. MML Investors Services LLC now owns 1,333,981 shares of the company’s stock valued at $149,406,000 after buying an additional 99,158 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in iShares MSCI EAFE Growth ETF by 1.1% in the second quarter. Ameriprise Financial Inc. now owns 1,242,079 shares of the company’s stock valued at $138,664,000 after buying an additional 13,888 shares during the period.

About iShares MSCI EAFE Growth ETF

iShares MSCI EAFE Growth ETF (the Fund), formerly iShares MSCI EAFE Growth Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI EAFE Growth Index (the Index). The Index is a subset of the MSCI EAFE Index and constituents of the Index include securities from Europe, Australasia (Australia and Asia), and the Far East. The Fund invests in sectors, such as consumer staples, industrials, consumer discretionary, materials, healthcare, financials, information technology, energy, telecommunication services and utilities.