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

Shares of iShares Core MSCI EAFE ETF (BATS:IEFA) hit a new 52-week high on Monday . The company traded as high as $73.48 and last traded at $73.21, with a volume of 10971276 shares trading hands. The stock had previously closed at $73.46.

iShares Core MSCI EAFE ETF Stock Performance

The company has a market capitalization of $112.88 billion, a price-to-earnings ratio of 14.38 and a beta of 0.82. The business’s 50 day moving average is $73.90 and its 200 day moving average is $74.46.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IEFA. Trueblood Wealth Management LLC increased its holdings in iShares Core MSCI EAFE ETF by 3.9% in the second quarter. Trueblood Wealth Management LLC now owns 3,868 shares of the company’s stock valued at $281,000 after buying an additional 144 shares in the last quarter. Litman Gregory Wealth Management LLC boosted its position in iShares Core MSCI EAFE ETF by 0.5% during the second quarter. Litman Gregory Wealth Management LLC now owns 29,454 shares of the company’s stock worth $2,140,000 after purchasing an additional 149 shares in the last quarter. NorthRock Partners LLC increased its position in shares of iShares Core MSCI EAFE ETF by 2.7% in the third quarter. NorthRock Partners LLC now owns 5,895 shares of the company’s stock valued at $460,000 after buying an additional 153 shares in the last quarter. CWS Financial Advisors LLC raised its stake in shares of iShares Core MSCI EAFE ETF by 0.5% during the 2nd quarter. CWS Financial Advisors LLC now owns 33,697 shares of the company’s stock worth $2,448,000 after buying an additional 156 shares during the period. Finally, Lane & Associates LLC lifted its position in shares of iShares Core MSCI EAFE ETF by 0.4% during the 2nd quarter. Lane & Associates LLC now owns 36,501 shares of the company’s stock valued at $2,651,000 after buying an additional 160 shares in 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.