Dallas, Texas 08/01/2013 (Financialstrend) – There had been significant gains in the prices of IShares MSCI EAFE Index Fund (ETF) (NYSEARCA:EFA) in the recent days which had presented higher level of returns to the investors. The ETF had proven significant to present highly diversified investment option through the involvement of securities from three different regions across the globe. The index had proven effective to track the yield and performance of securities across the international markets and this ETF had been of higher attraction to the investors who looked out to effectively diversify their portfolio.
IShares MSCI EAFE Index Fund (ETF) (NYSEARCA:EFA) is an exchange-traded fund. The Fund’s investment is focused to get investment results that relates to the price and yield performance of its underlying index, MSCI EAFE Index. Stocks from Australasia, Europe and the Far East are included in the index. Black Rock Fund Advisors is the Fund’s investment advisor. MSCI Inc. as an equity benchmark for its international stock performance has also been developed by the index. The Fund may or may not own all of the securities that are consisted in the Index.
IShares MSCI EAFE Index Fund (ETF) (NYSEARCA:EFA) had presented gains of 0.27% with the trading on Wednesday and had thereby closed at $60.37 per share. While the stock opened at $60.06 per share, there had been fluctuations in the intraday prices ranging between $60.06 and $60.74 per share during the day. The 52 week low price for the stock is presently at $48.94 and 52 week high price is at $64.14 per share. There are a total 696.00 million shares in the market valuing to a market cap of $42.02 billion. The stock witnessed around 5.92 million shares being exchanged hands on Wednesday there is no average level of per day.