iShares MSCI EAFE ETF (NYSEARCA:EFA) Reaches New 52-Week High – Time to Buy?

iShares MSCI EAFE ETF (NYSEARCA:EFA) reached a new 52-week high on Wednesday . The company traded as high as $84.57 and last traded at $84.47, with a volume of 12617895 shares trading hands. The stock had previously closed at $82.46.

iShares MSCI EAFE ETF Price Performance

The stock has a 50-day moving average of $79.29 and a 200-day moving average of $79.85. The firm has a market cap of $59.32 billion, a price-to-earnings ratio of 17.57 and a beta of 0.87.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in EFA. Pettinga Financial Advisors LLC grew its holdings in shares of iShares MSCI EAFE ETF by 1.9% during the 3rd quarter. Pettinga Financial Advisors LLC now owns 37,043 shares of the exchange traded fund’s stock valued at $3,098,000 after purchasing an additional 690 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in iShares MSCI EAFE ETF by 15.9% in the third quarter. Harbor Capital Advisors Inc. now owns 1,665 shares of the exchange traded fund’s stock valued at $139,000 after buying an additional 228 shares in the last quarter. Radnor Capital Management LLC bought a new stake in shares of iShares MSCI EAFE ETF during the third quarter worth $1,128,000. Blake Schutter Theil Wealth Advisors LLC bought a new stake in shares of iShares MSCI EAFE ETF during the third quarter worth $681,000. Finally, Financial Enhancement Group LLC increased its holdings in shares of iShares MSCI EAFE ETF by 12.9% during the third quarter. Financial Enhancement Group LLC now owns 117,271 shares of the exchange traded fund’s stock worth $9,807,000 after buying an additional 13,418 shares in the last quarter. 79.80% of the stock is owned by 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.