iShares Europe ETF (NYSEARCA:IEV) Reaches New 1-Year High – Time to Buy?

Shares of iShares Europe ETF (NYSEARCA:IEV) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $68.67 and last traded at $68.5840, with a volume of 80269 shares trading hands. The stock had previously closed at $68.25.

iShares Europe ETF Stock Up 0.5%

The company has a market capitalization of $1.63 billion, a PE ratio of 16.48 and a beta of 0.91. The firm has a 50-day moving average of $66.67 and a two-hundred day moving average of $64.89.

Institutional Investors Weigh In On iShares Europe ETF

Several hedge funds have recently modified their holdings of IEV. HighTower Advisors LLC raised its holdings in iShares Europe ETF by 34.8% in the 1st quarter. HighTower Advisors LLC now owns 6,253 shares of the company’s stock worth $364,000 after purchasing an additional 1,615 shares during the period. Cresset Asset Management LLC increased its position in shares of iShares Europe ETF by 18.8% in the first quarter. Cresset Asset Management LLC now owns 5,698 shares of the company’s stock valued at $332,000 after buying an additional 900 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares Europe ETF by 14.2% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 21,935 shares of the company’s stock worth $1,277,000 after buying an additional 2,723 shares during the period. CreativeOne Wealth LLC lifted its position in shares of iShares Europe ETF by 5.4% during the 1st quarter. CreativeOne Wealth LLC now owns 6,791 shares of the company’s stock valued at $395,000 after buying an additional 348 shares in the last quarter. Finally, Baird Financial Group Inc. purchased a new position in shares of iShares Europe ETF during the 1st quarter valued at approximately $817,000.

About iShares Europe ETF

iShares Europe ETF (the Fund), formerly iShares S&P Europe 350 Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Europe 350 (the Index). The Index measures the performance of the stocks of companies in the countries, which includes Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom.