iShares MSCI EAFE ETF (NYSEARCA:EFA) Sets New 12-Month High – Here’s Why

iShares MSCI EAFE ETF (NYSEARCA:EFA)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $89.86 and last traded at $89.89, with a volume of 4057408 shares trading hands. The stock had previously closed at $89.74.

iShares MSCI EAFE ETF Trading Up 0.2%

The stock has a market capitalization of $63.19 billion, a price-to-earnings ratio of 16.35 and a beta of 0.83. The company’s 50-day simple moving average is $84.10 and its 200-day simple moving average is $81.19.

Institutional Investors Weigh In On iShares MSCI EAFE ETF

Several institutional investors and hedge funds have recently made changes to their positions in EFA. Manhattan West Asset Management LLC increased its position in iShares MSCI EAFE ETF by 1.0% during the first quarter. Manhattan West Asset Management LLC now owns 12,560 shares of the exchange traded fund’s stock valued at $1,027,000 after acquiring an additional 119 shares during the last quarter. JFS Wealth Advisors LLC lifted its holdings in shares of iShares MSCI EAFE ETF by 0.3% in the 1st quarter. JFS Wealth Advisors LLC now owns 48,409 shares of the exchange traded fund’s stock worth $3,956,000 after acquiring an additional 125 shares during the last quarter. Guidance Point Advisors LLC boosted its stake in shares of iShares MSCI EAFE ETF by 1.4% during the 4th quarter. Guidance Point Advisors LLC now owns 9,354 shares of the exchange traded fund’s stock worth $707,000 after purchasing an additional 126 shares during the period. Armor Investment Advisors LLC grew its holdings in iShares MSCI EAFE ETF by 4.7% during the 4th quarter. Armor Investment Advisors LLC now owns 2,856 shares of the exchange traded fund’s stock valued at $216,000 after purchasing an additional 127 shares during the last quarter. Finally, Foundations Investment Advisors LLC raised its position in iShares MSCI EAFE ETF by 2.2% in the 1st quarter. Foundations Investment Advisors LLC now owns 6,100 shares of the exchange traded fund’s stock worth $499,000 after purchasing an additional 130 shares during the period. Institutional investors 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.