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

iShares MSCI EAFE Growth ETF (BATS:EFG)’s share price hit a new 52-week high on Monday . The stock traded as high as $103.55 and last traded at $103.12, with a volume of 655402 shares trading hands. The stock had previously closed at $103.30.

iShares MSCI EAFE Growth ETF Trading Up 0.9 %

The company has a market cap of $12.09 billion, a price-to-earnings ratio of 24.36 and a beta of 0.97. The business has a fifty day moving average of $102.22 and a two-hundred day moving average of $103.23.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its holdings in shares of iShares MSCI EAFE Growth ETF by 57.4% in the second quarter. Envestnet Asset Management Inc. now owns 26,597,234 shares of the company’s stock valued at $2,720,897,000 after purchasing an additional 9,697,657 shares during the period. LPL Financial LLC grew its stake in shares of iShares MSCI EAFE Growth ETF by 49.5% in the 2nd quarter. LPL Financial LLC now owns 6,599,521 shares of the company’s stock valued at $675,131,000 after buying an additional 2,184,037 shares during the period. Jane Street Group LLC increased its holdings in shares of iShares MSCI EAFE Growth ETF by 18,989.0% during the 3rd quarter. Jane Street Group LLC now owns 835,333 shares of the company’s stock worth $89,924,000 after buying an additional 830,957 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in iShares MSCI EAFE Growth ETF in the second quarter valued at approximately $66,343,000. Finally, Cetera Investment Advisers grew its position in iShares MSCI EAFE Growth ETF by 46.2% in the second quarter. Cetera Investment Advisers now owns 1,548,002 shares of the company’s stock worth $158,361,000 after acquiring an additional 489,230 shares during the period.

iShares MSCI EAFE Growth ETF Company Profile

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.