iShares Europe ETF (NYSEARCA:IEV) Hits New 52-Week High – Should You Buy?

Shares of iShares Europe ETF (NYSEARCA:IEV) reached a new 52-week high on Monday . The company traded as high as $69.00 and last traded at $68.7710, with a volume of 77244 shares. The stock had previously closed at $68.76.

iShares Europe ETF Stock Performance

The firm has a fifty day simple moving average of $66.97 and a 200-day simple moving average of $65.09. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 16.48 and a beta of 0.91.

Institutional Trading of iShares Europe ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Banque Cantonale Vaudoise raised its holdings in iShares Europe ETF by 6.9% in the 3rd quarter. Banque Cantonale Vaudoise now owns 2,868 shares of the company’s stock valued at $189,000 after acquiring an additional 185 shares during the period. Allworth Financial LP grew its position in shares of iShares Europe ETF by 51.8% in the third quarter. Allworth Financial LP now owns 560 shares of the company’s stock valued at $37,000 after purchasing an additional 191 shares during the last quarter. Carret Asset Management LLC increased its stake in shares of iShares Europe ETF by 5.6% during the second quarter. Carret Asset Management LLC now owns 3,739 shares of the company’s stock worth $236,000 after purchasing an additional 199 shares during the period. Strategic Blueprint LLC increased its stake in shares of iShares Europe ETF by 1.0% during the second quarter. Strategic Blueprint LLC now owns 20,744 shares of the company’s stock worth $1,312,000 after purchasing an additional 202 shares during the period. Finally, Balance Wealth LLC lifted its holdings in iShares Europe ETF by 2.0% during the 2nd quarter. Balance Wealth LLC now owns 11,466 shares of the company’s stock worth $725,000 after purchasing an additional 230 shares during the last quarter.

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.