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

Shares of iShares MSCI EAFE ETF (NYSEARCA:EFA) reached a new 52-week high on Monday . The stock traded as high as $84.60 and last traded at $84.61, with a volume of 5249099 shares traded. The stock had previously closed at $83.71.

iShares MSCI EAFE ETF Trading Down 0.4 %

The stock has a market cap of $59.24 billion, a P/E ratio of 17.21 and a beta of 0.86. The firm has a 50-day simple moving average of $80.32 and a two-hundred day simple moving average of $79.86.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its stake in iShares MSCI EAFE ETF by 7.1% in the fourth quarter. JPMorgan Chase & Co. now owns 22,067,950 shares of the exchange traded fund’s stock valued at $1,668,558,000 after buying an additional 1,463,799 shares in the last quarter. Mackenzie Financial Corp boosted its stake in iShares MSCI EAFE ETF by 289.6% in the fourth quarter. Mackenzie Financial Corp now owns 7,811,793 shares of the exchange traded fund’s stock valued at $590,650,000 after buying an additional 5,806,736 shares in the last quarter. AlTi Global Inc. boosted its stake in iShares MSCI EAFE ETF by 6.3% in the fourth quarter. AlTi Global Inc. now owns 7,363,173 shares of the exchange traded fund’s stock valued at $556,777,000 after buying an additional 434,415 shares in the last quarter. Capital International Investors boosted its stake in iShares MSCI EAFE ETF by 401.3% in the fourth quarter. Capital International Investors now owns 4,483,982 shares of the exchange traded fund’s stock valued at $339,034,000 after buying an additional 3,589,503 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in iShares MSCI EAFE ETF in the fourth quarter valued at about $258,750,000. 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.