iShares MSCI EAFE Value ETF (BATS:EFV) Hits New 12-Month High – Here’s Why

iShares MSCI EAFE Value ETF (BATS:EFV) reached a new 52-week high on Wednesday . The stock traded as high as $79.71 and last traded at $79.7530, with a volume of 532444 shares changing hands. The stock had previously closed at $79.13.

iShares MSCI EAFE Value ETF Stock Down 0.1%

The company has a market capitalization of $32.70 billion, a PE ratio of 12.17 and a beta of 0.73. The firm’s 50 day simple moving average is $75.11 and its 200 day simple moving average is $70.81.

Institutional Trading of iShares MSCI EAFE Value ETF

Several institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in iShares MSCI EAFE Value ETF by 28.6% during the second quarter. JPMorgan Chase & Co. now owns 15,814,518 shares of the company’s stock worth $1,003,906,000 after acquiring an additional 3,518,683 shares during the period. US Bancorp DE raised its position in shares of iShares MSCI EAFE Value ETF by 1.5% in the fourth quarter. US Bancorp DE now owns 14,206,660 shares of the company’s stock worth $1,014,522,000 after acquiring an additional 210,510 shares during the period. Morgan Stanley boosted its stake in shares of iShares MSCI EAFE Value ETF by 2.0% during the 4th quarter. Morgan Stanley now owns 11,985,894 shares of the company’s stock worth $855,913,000 after acquiring an additional 231,177 shares in the last quarter. Bank of America Corp DE grew its position in shares of iShares MSCI EAFE Value ETF by 8.9% during the 3rd quarter. Bank of America Corp DE now owns 10,581,287 shares of the company’s stock valued at $717,729,000 after acquiring an additional 861,825 shares during the period. Finally, CWM LLC grew its position in shares of iShares MSCI EAFE Value ETF by 1.3% during the 3rd quarter. CWM LLC now owns 6,428,350 shares of the company’s stock valued at $436,035,000 after acquiring an additional 82,277 shares during the period.

About iShares MSCI EAFE Value ETF

iShares MSCI EAFE Value ETF (the Fund), formerly iShares MSCI EAFE Value 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 Value 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 financials, energy, healthcare, telecommunication services, industrials, utilities, consumer discretionary, materials, information technology and consumer staples.