iShares MSCI EAFE Growth ETF (BATS:EFG) Hits New 12-Month High – What’s Next?

iShares MSCI EAFE Growth ETF (BATS:EFG) reached a new 52-week high on Monday . The company traded as high as $97.60 and last traded at $103.80, with a volume of 514730 shares traded. The stock had previously closed at $96.10.

iShares MSCI EAFE Growth ETF Stock Up 8.4 %

The firm has a market capitalization of $12.25 billion, a price-to-earnings ratio of 24.36 and a beta of 0.97. The stock’s 50 day moving average price is $100.34 and its two-hundred day moving average price is $102.30.

Institutional Investors Weigh In On iShares MSCI EAFE Growth ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its holdings in iShares MSCI EAFE Growth ETF by 21.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 30,530,915 shares of the company’s stock worth $2,956,309,000 after buying an additional 5,366,297 shares during the last quarter. LPL Financial LLC increased its stake in shares of iShares MSCI EAFE Growth ETF by 45.7% during the 4th quarter. LPL Financial LLC now owns 9,151,951 shares of the company’s stock worth $886,183,000 after purchasing an additional 2,871,169 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of iShares MSCI EAFE Growth ETF by 22.7% during the 4th quarter. JPMorgan Chase & Co. now owns 7,275,923 shares of the company’s stock valued at $704,528,000 after purchasing an additional 1,345,376 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of iShares MSCI EAFE Growth ETF by 17.2% in the 4th quarter. Bank of America Corp DE now owns 5,086,477 shares of the company’s stock valued at $492,524,000 after purchasing an additional 747,639 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in iShares MSCI EAFE Growth ETF by 20.1% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,234,850 shares of the company’s stock worth $410,061,000 after purchasing an additional 709,383 shares in the last quarter.

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.