iShares Core MSCI EAFE ETF (BATS:IEFA) Sets New 12-Month High – Still a Buy?

iShares Core MSCI EAFE ETF (BATS:IEFA)’s stock price hit 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 Price Performance

The stock has a market capitalization of $119.47 billion, a price-to-earnings ratio of 14.38 and a beta of 0.82. The firm has a fifty day moving average of $72.39 and a 200 day moving average of $73.99.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC lifted its position in iShares Core MSCI EAFE ETF by 39.2% in the third quarter. Foundations Investment Advisors LLC now owns 11,362 shares of the company’s stock valued at $887,000 after buying an additional 3,201 shares during the last quarter. Calton & Associates Inc. acquired a new stake in shares of iShares Core MSCI EAFE ETF during the 3rd quarter worth about $239,000. Sequoia Financial Advisors LLC lifted its position in shares of iShares Core MSCI EAFE ETF by 4.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 39,332 shares of the company’s stock worth $3,070,000 after buying an additional 1,695 shares during the last quarter. Eastern Bank purchased a new stake in iShares Core MSCI EAFE ETF in the third quarter valued at $797,000. Finally, FSC Wealth Advisors LLC boosted its position in shares of iShares Core MSCI EAFE ETF by 4.1% in the 3rd quarter. FSC Wealth Advisors LLC now owns 9,202 shares of the company’s stock valued at $718,000 after purchasing an additional 361 shares during the period.

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.