iShares MSCI EAFE ETF (NYSEARCA:EFA) Reaches New 12-Month High – Time to Buy?

Shares of iShares MSCI EAFE ETF (NYSEARCA:EFA) reached a new 52-week high on Wednesday . The company traded as high as $105.35 and last traded at $105.1820, with a volume of 1255893 shares traded. The stock had previously closed at $104.66.

iShares MSCI EAFE ETF Trading Down 0.1%

The stock has a market capitalization of $77.80 billion, a price-to-earnings ratio of 16.48 and a beta of 0.84. The company’s 50 day moving average is $100.39 and its 200 day moving average is $96.03.

Institutional Trading of iShares MSCI EAFE ETF

Institutional investors have recently added to or reduced their stakes in the stock. Horizon Investments LLC boosted its position in iShares MSCI EAFE ETF by 2,520.0% during the fourth quarter. Horizon Investments LLC now owns 262 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 252 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new stake in iShares MSCI EAFE ETF during the 4th quarter valued at approximately $26,000. Pineridge Advisors LLC acquired a new position in iShares MSCI EAFE ETF during the 2nd quarter worth $25,000. Atlas Capital Advisors Inc. bought a new position in shares of iShares MSCI EAFE ETF during the fourth quarter valued at approximately $29,000. Finally, MMA Asset Management LLC bought a new stake in shares of iShares MSCI EAFE ETF in the 3rd quarter worth approximately $34,000. Hedge funds and other institutional investors own 79.80% of the company’s stock.

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.