iShares MSCI EAFE ETF (NYSEARCA:EFA) Sets New 52-Week High – What’s Next?

Shares of iShares MSCI EAFE ETF (NYSEARCA:EFA) reached a new 52-week high during trading on Wednesday . The stock traded as high as $107.47 and last traded at $107.32, with a volume of 10409960 shares changing hands. The stock had previously closed at $106.02.

iShares MSCI EAFE ETF Trading Up 1.2%

The firm’s 50-day moving average price is $104.02 and its 200 day moving average price is $102.16. The company has a market capitalization of $79.33 billion, a price-to-earnings ratio of 16.48 and a beta of 0.78.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in EFA. Horizon Investments LLC boosted its holdings in shares of iShares MSCI EAFE ETF by 2,520.0% in the 4th quarter. Horizon Investments LLC now owns 262 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 252 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new position in shares of iShares MSCI EAFE ETF during the 4th quarter worth $26,000. Atlas Capital Advisors Inc. bought a new stake in shares of iShares MSCI EAFE ETF during the 4th quarter worth $29,000. Scarborough Advisors LLC bought a new stake in shares of iShares MSCI EAFE ETF during the 1st quarter worth $33,000. Finally, GeoWealth Management LLC bought a new stake in shares of iShares MSCI EAFE ETF during the 4th quarter worth $37,000. 79.80% of the stock is owned by institutional investors.

About iShares MSCI EAFE ETF

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.