iShares Core MSCI EAFE ETF (BATS:IEFA) Hits New 52-Week High – Here’s Why

iShares Core MSCI EAFE ETF (BATS:IEFA)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $72.91 and last traded at $72.60, with a volume of 9262839 shares trading hands. The stock had previously closed at $72.29.

iShares Core MSCI EAFE ETF Price Performance

The firm has a market cap of $113.98 billion, a price-to-earnings ratio of 14.38 and a beta of 0.82. The firm has a fifty day simple moving average of $75.04 and a two-hundred day simple moving average of $74.65.

Hedge Funds Weigh In On iShares Core MSCI EAFE ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Stairway Partners LLC acquired a new stake in shares of iShares Core MSCI EAFE ETF during the third quarter worth $219,879,000. Bank of New York Mellon Corp lifted its position in iShares Core MSCI EAFE ETF by 9.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 26,054,415 shares of the company’s stock worth $1,892,593,000 after acquiring an additional 2,219,758 shares during the period. Cetera Investment Advisers grew its stake in iShares Core MSCI EAFE ETF by 185.8% during the 1st quarter. Cetera Investment Advisers now owns 3,339,335 shares of the company’s stock valued at $247,845,000 after purchasing an additional 2,170,869 shares during the last quarter. Bank of Montreal Can grew its stake in iShares Core MSCI EAFE ETF by 24.4% during the 2nd quarter. Bank of Montreal Can now owns 10,859,322 shares of the company’s stock valued at $793,599,000 after purchasing an additional 2,129,111 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of iShares Core MSCI EAFE ETF in the second quarter valued at about $131,293,000.

iShares Core MSCI EAFE ETF Company Profile

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.