SPDR MSCI EAFE StrategicFactors ETF (NYSEARCA:QEFA) Sets New 1-Year High – Time to Buy?

SPDR MSCI EAFE StrategicFactors ETF (NYSEARCA:QEFA)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $102.05 and last traded at $101.97, with a volume of 2375 shares trading hands. The stock had previously closed at $101.15.

SPDR MSCI EAFE StrategicFactors ETF Stock Up 0.9%

The company has a market cap of $1.09 billion, a price-to-earnings ratio of 15.98 and a beta of 0.68. The stock’s 50-day simple moving average is $97.98 and its 200 day simple moving average is $96.75.

Hedge Funds Weigh In On SPDR MSCI EAFE StrategicFactors ETF

Several hedge funds have recently bought and sold shares of the company. Cerity Partners LLC raised its position in SPDR MSCI EAFE StrategicFactors ETF by 2.0% during the 4th quarter. Cerity Partners LLC now owns 8,487 shares of the company’s stock worth $770,000 after buying an additional 170 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of SPDR MSCI EAFE StrategicFactors ETF by 2.1% during the first quarter. Cetera Investment Advisers now owns 9,860 shares of the company’s stock worth $920,000 after acquiring an additional 203 shares during the period. 1620 Investment Advisors Inc. increased its stake in shares of SPDR MSCI EAFE StrategicFactors ETF by 0.5% during the fourth quarter. 1620 Investment Advisors Inc. now owns 42,631 shares of the company’s stock worth $3,865,000 after acquiring an additional 210 shares during the period. CIBC Private Wealth Group LLC raised its holdings in SPDR MSCI EAFE StrategicFactors ETF by 22.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,217 shares of the company’s stock worth $110,000 after purchasing an additional 226 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its position in SPDR MSCI EAFE StrategicFactors ETF by 219.3% in the first quarter. Sound Income Strategies LLC now owns 364 shares of the company’s stock valued at $34,000 after purchasing an additional 250 shares during the period.

SPDR MSCI EAFE StrategicFactors ETF Company Profile

The SPDR MSCI EAFE StrategicFactors ETF (QEFA) is an exchange-traded fund that is based on the MSCI EAFE Factor Mix A-Series (USD) index. The fund tracks an index of securities from developed markets in Europe, Australia and the Far East. The index equal-weights 3 subindexes: value, minimum volatility and quality. QEFA was launched on Jun 4, 2014 and is managed by State Street.