iShares Core MSCI EAFE ETF (BATS:IEFA) Reaches New 12-Month High – Time to Buy?

iShares Core MSCI EAFE ETF (BATS:IEFA)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $70.89 and last traded at $71.10, with a volume of 14707929 shares. The stock had previously closed at $69.78.

iShares Core MSCI EAFE ETF Price Performance

The firm’s 50 day moving average price is $71.90 and its 200-day moving average price is $73.97. The stock has a market cap of $112.00 billion, a P/E ratio of 14.38 and a beta of 0.82.

Hedge Funds Weigh In On iShares Core MSCI EAFE ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IEFA. Darwin Wealth Management LLC purchased a new position in shares of iShares Core MSCI EAFE ETF in the third quarter worth $30,000. Kiely Wealth Advisory Group Inc. purchased a new position in iShares Core MSCI EAFE ETF in the 2nd quarter worth about $29,000. St. Johns Investment Management Company LLC purchased a new position in iShares Core MSCI EAFE ETF in the 3rd quarter worth about $37,000. FSA Wealth Management LLC bought a new position in iShares Core MSCI EAFE ETF during the 3rd quarter valued at about $38,000. Finally, Union Savings Bank boosted its holdings in shares of iShares Core MSCI EAFE ETF by 39.6% during the 4th quarter. Union Savings Bank now owns 501 shares of the company’s stock valued at $35,000 after acquiring an additional 142 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.