iShares MSCI EAFE Growth ETF (BATS:EFG) Reaches New 12-Month High – Here’s Why

iShares MSCI EAFE Growth ETF (BATS:EFGGet Free Report)’s share price hit a new 52-week high on Friday . The stock traded as high as $126.44 and last traded at $126.23, with a volume of 5835 shares. The stock had previously closed at $124.37.

iShares MSCI EAFE Growth ETF Stock Up 1.3%

The business has a 50-day moving average price of $122.27 and a 200-day moving average price of $119.71. The firm has a market capitalization of $14.81 billion, a PE ratio of 24.98 and a beta of 0.96.

Hedge Funds Weigh In On iShares MSCI EAFE Growth ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EFG. Bank of America Corp DE grew its holdings in shares of 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 purchasing an additional 1,221,082 shares during the period. Cetera Investment Advisers increased its position in iShares MSCI EAFE Growth ETF by 125.2% during the first quarter. Cetera Investment Advisers now owns 2,208,206 shares of the company’s stock worth $245,928,000 after purchasing an additional 1,227,595 shares during the last quarter. Bank of New York Mellon Corp increased its position in iShares MSCI EAFE Growth ETF by 166.6% during the first quarter. Bank of New York Mellon Corp now owns 1,472,363 shares of the company’s stock worth $163,977,000 after purchasing an additional 920,188 shares during the last quarter. MML Investors Services LLC raised its stake in iShares MSCI EAFE Growth ETF by 8.0% during the second quarter. MML Investors Services LLC now owns 1,333,981 shares of the company’s stock worth $149,406,000 after purchasing an additional 99,158 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in iShares MSCI EAFE Growth ETF by 1.1% during the second quarter. Ameriprise Financial Inc. now owns 1,242,079 shares of the company’s stock worth $138,664,000 after purchasing an additional 13,888 shares during the period.

About iShares MSCI EAFE Growth ETF

(Get Free Report)

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.

Further Reading

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