iShares MSCI EAFE ETF (NYSEARCA:EFA) Sets New 52-Week High – Still a Buy?

iShares MSCI EAFE ETF (NYSEARCA:EFA)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $102.32 and last traded at $102.09, with a volume of 19744991 shares traded. The stock had previously closed at $100.47.

iShares MSCI EAFE ETF Stock Up 0.7%

The company has a market cap of $75.05 billion, a P/E ratio of 16.48 and a beta of 0.84. The stock’s 50-day moving average price is $97.01 and its 200 day moving average price is $94.01.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Comerica Bank grew its position in shares of iShares MSCI EAFE ETF by 36.2% in the fourth quarter. Comerica Bank now owns 2,429,988 shares of the exchange traded fund’s stock valued at $233,352,000 after purchasing an additional 645,794 shares during the last quarter. RMR Wealth Builders grew its holdings in iShares MSCI EAFE ETF by 0.4% in the 4th quarter. RMR Wealth Builders now owns 61,557 shares of the exchange traded fund’s stock valued at $5,911,000 after buying an additional 274 shares during the last quarter. Anchyra Partners LLC bought a new position in iShares MSCI EAFE ETF in the 4th quarter worth approximately $1,402,000. IMC Chicago LLC acquired a new position in shares of iShares MSCI EAFE ETF during the fourth quarter worth approximately $17,761,000. Finally, Kestra Private Wealth Services LLC boosted its position in shares of iShares MSCI EAFE ETF by 8.2% in the fourth quarter. Kestra Private Wealth Services LLC now owns 62,867 shares of the exchange traded fund’s stock valued at $6,037,000 after acquiring an additional 4,763 shares during the period. Institutional investors and hedge funds own 79.80% of the company’s stock.

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.