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

SPDR MSCI EAFE StrategicFactors ETF (NYSEARCA:QEFA) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $100.38 and last traded at $100.30, with a volume of 19497 shares trading hands. The stock had previously closed at $99.53.

SPDR MSCI EAFE StrategicFactors ETF Stock Up 0.8%

The company’s 50-day simple moving average is $96.76 and its 200 day simple moving average is $96.17. The company has a market capitalization of $1.07 billion, a P/E ratio of 15.98 and a beta of 0.68.

Institutional Investors Weigh In On SPDR MSCI EAFE StrategicFactors ETF

Several institutional investors and hedge funds have recently modified their holdings of QEFA. Sound Income Strategies LLC increased its position in SPDR MSCI EAFE StrategicFactors ETF by 219.3% during the first quarter. Sound Income Strategies LLC now owns 364 shares of the company’s stock worth $34,000 after buying an additional 250 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in SPDR MSCI EAFE StrategicFactors ETF by 217.0% during the second quarter. JPMorgan Chase & Co. now owns 913 shares of the company’s stock valued at $78,000 after buying an additional 625 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of SPDR MSCI EAFE StrategicFactors ETF by 22.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,217 shares of the company’s stock worth $110,000 after buying an additional 226 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of SPDR MSCI EAFE StrategicFactors ETF in the second quarter worth about $119,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of SPDR MSCI EAFE StrategicFactors ETF during the 4th quarter worth about $164,000.

About SPDR MSCI EAFE StrategicFactors ETF

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.