iShares Core MSCI EAFE ETF (BATS:IEFA) Reaches New 52-Week High – Time to Buy?

iShares Core MSCI EAFE ETF (BATS:IEFA) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $70.89 and last traded at $76.38, with a volume of 14707929 shares. The stock had previously closed at $69.78.

iShares Core MSCI EAFE ETF Stock Performance

The firm’s 50 day simple moving average is $72.39 and its 200-day simple moving average is $73.99. The company has a market capitalization of $119.47 billion, a price-to-earnings ratio of 14.38 and a beta of 0.82.

Institutional Investors Weigh In On iShares Core MSCI EAFE ETF

A number of large investors have recently bought and sold shares of IEFA. Bank of America Corp DE increased its holdings in shares of iShares Core MSCI EAFE ETF by 5.0% during the 4th quarter. Bank of America Corp DE now owns 191,738,074 shares of the company’s stock worth $13,475,352,000 after purchasing an additional 9,128,380 shares during the period. Jones Financial Companies Lllp grew its position in iShares Core MSCI EAFE ETF by 1.3% during the 4th quarter. Jones Financial Companies Lllp now owns 88,571,458 shares of the company’s stock worth $6,224,802,000 after acquiring an additional 1,150,886 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of iShares Core MSCI EAFE ETF by 5.4% in the fourth quarter. Wells Fargo & Company MN now owns 65,745,847 shares of the company’s stock valued at $4,620,618,000 after buying an additional 3,362,038 shares during the last quarter. TIAA Trust National Association lifted its position in shares of iShares Core MSCI EAFE ETF by 4.9% during the fourth quarter. TIAA Trust National Association now owns 55,081,925 shares of the company’s stock worth $3,872,502,000 after purchasing an additional 2,594,394 shares in the last quarter. Finally, LPL Financial LLC boosted its position in iShares Core MSCI EAFE ETF by 7.0% in the 4th quarter. LPL Financial LLC now owns 38,824,556 shares of the company’s stock valued at $2,728,590,000 after buying an additional 2,548,622 shares during the last quarter.

About iShares Core MSCI EAFE ETF

The iShares Core MSCI EAFE ETF (IEFA) is an exchange-traded fund that is based on the MSCI EAFE IMI index, a market-cap-weighted index of developed-market stocks in Europe, Australasia and the Far East, and excludes North America IEFA was launched on Oct 18, 2012 and is managed by BlackRock.