iShares MSCI EAFE ETF (NYSEARCA:EFA) Sets New 1-Year High – Here’s Why
by Amy Steele · The Cerbat GemiShares MSCI EAFE ETF (NYSEARCA:EFA – Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $99.67 and last traded at $99.4930, with a volume of 3601540 shares changing hands. The stock had previously closed at $99.03.
iShares MSCI EAFE ETF Stock Performance
The company has a market cap of $73.42 billion, a price-to-earnings ratio of 16.48 and a beta of 0.84. The stock’s fifty day moving average is $96.14 and its two-hundred day moving average is $93.56.
Institutional Investors Weigh In On iShares MSCI EAFE ETF
Institutional investors have recently bought and sold shares of the stock. Northern Trust Corp grew its stake in shares of iShares MSCI EAFE ETF by 0.9% in the 3rd quarter. Northern Trust Corp now owns 21,097,652 shares of the exchange traded fund’s stock worth $1,969,888,000 after acquiring an additional 184,934 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew its position in iShares MSCI EAFE ETF by 1.6% in the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 13,813,864 shares of the exchange traded fund’s stock worth $1,289,800,000 after purchasing an additional 211,523 shares in the last quarter. TD Asset Management Inc grew its position in iShares MSCI EAFE ETF by 6.3% in the 2nd quarter. TD Asset Management Inc now owns 9,050,985 shares of the exchange traded fund’s stock worth $809,068,000 after purchasing an additional 533,545 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in iShares MSCI EAFE ETF by 0.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,689,604 shares of the exchange traded fund’s stock valued at $776,764,000 after buying an additional 28,965 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of iShares MSCI EAFE ETF by 2.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 6,415,811 shares of the exchange traded fund’s stock worth $573,501,000 after buying an additional 176,415 shares in the last quarter. 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. The Index includes stocks from Europe, Australasia and the Far East. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.