iShares Europe ETF (NYSEARCA:IEV) Hits New 12-Month High – Here’s Why

iShares Europe ETF (NYSEARCA:IEV) shares hit a new 52-week high on Monday . The stock traded as high as $69.43 and last traded at $69.3390, with a volume of 392962 shares trading hands. The stock had previously closed at $68.60.

iShares Europe ETF Stock Up 0.3%

The firm has a fifty day moving average price of $67.24 and a 200-day moving average price of $65.36. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 16.48 and a beta of 0.91.

Institutional Trading of iShares Europe ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IEV. Flow Traders U.S. LLC purchased a new position in shares of iShares Europe ETF during the 2nd quarter worth about $59,097,000. Barings LLC grew its holdings in iShares Europe ETF by 6.0% in the second quarter. Barings LLC now owns 723,437 shares of the company’s stock valued at $45,757,000 after purchasing an additional 41,244 shares during the period. Bank of America Corp DE increased its position in iShares Europe ETF by 4.6% during the third quarter. Bank of America Corp DE now owns 472,737 shares of the company’s stock worth $30,955,000 after purchasing an additional 20,869 shares during the last quarter. Checchi Capital Advisers LLC raised its stake in iShares Europe ETF by 30.6% during the second quarter. Checchi Capital Advisers LLC now owns 401,731 shares of the company’s stock worth $25,409,000 after purchasing an additional 94,166 shares during the period. Finally, Jane Street Group LLC boosted its holdings in shares of iShares Europe ETF by 121.3% in the 2nd quarter. Jane Street Group LLC now owns 358,224 shares of the company’s stock valued at $22,658,000 after purchasing an additional 196,368 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.