iShares MSCI EAFE Value ETF (BATS:EFV) Sets New 12-Month High – Time to Buy?

iShares MSCI EAFE Value ETF (BATS:EFV)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $80.32 and last traded at $80.08, with a volume of 1461043 shares trading hands. The stock had previously closed at $79.70.

iShares MSCI EAFE Value ETF Price Performance

The firm has a fifty day moving average of $77.92 and a two-hundred day moving average of $76.71. The stock has a market capitalization of $32.64 billion, a P/E ratio of 12.17 and a beta of 0.73.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in EFV. Insight Wealth Strategies LLC raised its holdings in shares of iShares MSCI EAFE Value ETF by 39.3% in the 2nd quarter. Insight Wealth Strategies LLC now owns 6,336 shares of the company’s stock valued at $484,000 after purchasing an additional 1,789 shares in the last quarter. Ocean Park Asset Management LLC purchased a new position in iShares MSCI EAFE Value ETF during the second quarter valued at approximately $8,526,000. City Holding Co. increased its holdings in iShares MSCI EAFE Value ETF by 5,333.3% during the second quarter. City Holding Co. now owns 3,260 shares of the company’s stock valued at $250,000 after buying an additional 3,200 shares during the period. Spinnaker Investment Group LLC purchased a new position in iShares MSCI EAFE Value ETF during the second quarter valued at approximately $303,000. Finally, Community Financial Services Group LLC bought a new position in iShares MSCI EAFE Value ETF in the second quarter worth approximately $67,000.

About iShares MSCI EAFE Value ETF

iShares MSCI EAFE Value ETF (the Fund), formerly iShares MSCI EAFE Value 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 Value 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 financials, energy, healthcare, telecommunication services, industrials, utilities, consumer discretionary, materials, information technology and consumer staples.