iShares MSCI EAFE Growth ETF (BATS:EFG) Reaches New 1-Year High – Here’s Why

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

iShares MSCI EAFE Growth ETF Trading Up 10.7 %

The company has a market cap of $16.59 billion, a price-to-earnings ratio of 27.20 and a beta of 0.93. The business has a fifty day moving average price of $100.87 and a two-hundred day moving average price of $102.34.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in EFG. Envestnet Asset Management Inc. grew its holdings in shares of iShares MSCI EAFE Growth ETF by 21.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 30,530,915 shares of the company’s stock valued at $2,956,309,000 after acquiring an additional 5,366,297 shares in the last quarter. LPL Financial LLC boosted its position in iShares MSCI EAFE Growth ETF by 45.7% during the fourth quarter. LPL Financial LLC now owns 9,151,951 shares of the company’s stock valued at $886,183,000 after purchasing an additional 2,871,169 shares during the last quarter. JPMorgan Chase & Co. grew its stake in iShares MSCI EAFE Growth ETF by 22.7% in the fourth 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 increased its position in 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 worth $492,524,000 after purchasing an additional 747,639 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of iShares MSCI EAFE Growth ETF by 20.1% during the 4th 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.

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.