iShares MSCI EAFE Growth ETF (BATS:EFG) Reaches New 12-Month High – Should You Buy?

iShares MSCI EAFE Growth ETF (BATS:EFG) shares hit a new 52-week high during trading on Monday . The company traded as high as $97.60 and last traded at $104.63, with a volume of 514730 shares traded. The stock had previously closed at $96.10.

iShares MSCI EAFE Growth ETF Stock Performance

The stock has a 50 day moving average of $100.87 and a 200 day moving average of $102.34. The stock has a market capitalization of $16.59 billion, a P/E ratio of 27.20 and a beta of 0.93.

Hedge Funds Weigh In On iShares MSCI EAFE Growth ETF

Institutional investors have recently modified their holdings of the company. Forthright Family Wealth Advisory LLC boosted its stake in iShares MSCI EAFE Growth ETF by 6.3% during the 4th quarter. Forthright Family Wealth Advisory LLC now owns 85,419 shares of the company’s stock valued at $8,271,000 after purchasing an additional 5,100 shares during the period. BridgePort Financial Solutions LLC bought a new stake in shares of iShares MSCI EAFE Growth ETF during the fourth quarter valued at approximately $1,684,000. Pinnacle Wealth Planning Services Inc. boosted its position in shares of iShares MSCI EAFE Growth ETF by 5.1% during the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 49,392 shares of the company’s stock worth $4,783,000 after buying an additional 2,410 shares during the period. Yoffe Investment Management LLC bought a new position in iShares MSCI EAFE Growth ETF in the 4th quarter worth approximately $228,000. Finally, LifeWealth Investments LLC acquired a new stake in iShares MSCI EAFE Growth ETF in the 4th quarter valued at approximately $2,975,000.

About iShares MSCI EAFE Growth ETF

iShares MSCI EAFE Growth ETF (the Fund), formerly iShares MSCI EAFE Growth Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI EAFE Growth Index (the Index). The Index is a subset of the MSCI EAFE Index and constituents of the Index include securities from Europe, Australasia (Australia and Asia), and the Far East.