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

iShares MSCI EAFE ETF (NYSEARCA:EFA) shares hit a new 52-week high on Thursday . The company traded as high as $105.95 and last traded at $105.92, with a volume of 5396287 shares trading hands. The stock had previously closed at $103.37.

iShares MSCI EAFE ETF Stock Performance

The firm has a market capitalization of $78.31 billion, a price-to-earnings ratio of 16.48 and a beta of 0.78. The business has a fifty day moving average price of $103.86 and a 200 day moving average price of $101.96.

Hedge Funds Weigh In On iShares MSCI EAFE ETF

A number of large investors have recently modified their holdings of the company. Horizon Investments LLC increased its position in iShares MSCI EAFE ETF by 2,520.0% during the 4th quarter. Horizon Investments LLC now owns 262 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 252 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new position in iShares MSCI EAFE ETF in the fourth quarter valued at about $26,000. Atlas Capital Advisors Inc. acquired a new position in shares of iShares MSCI EAFE ETF during the fourth quarter worth about $29,000. Scarborough Advisors LLC purchased a new stake in shares of iShares MSCI EAFE ETF during the 1st quarter valued at about $33,000. Finally, GeoWealth Management LLC purchased a new position in iShares MSCI EAFE ETF in the 4th quarter worth approximately $37,000. 79.80% of the stock is currently owned by hedge funds and other 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.