iShares Core MSCI Europe ETF (NYSEARCA:IEUR) Sets New 52-Week High – Still a Buy?

iShares Core MSCI Europe ETF (NYSEARCA:IEUR) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $75.61 and last traded at $75.38, with a volume of 645018 shares changing hands. The stock had previously closed at $74.23.

iShares Core MSCI Europe ETF Stock Performance

The company has a market capitalization of $7.51 billion, a price-to-earnings ratio of 16.78 and a beta of 0.93. The business’s 50 day moving average price is $71.26 and its two-hundred day moving average price is $68.80.

Hedge Funds Weigh In On iShares Core MSCI Europe ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in shares of iShares Core MSCI Europe ETF by 0.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,995,471 shares of the company’s stock worth $612,771,000 after purchasing an additional 41,293 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in iShares Core MSCI Europe ETF by 15.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 6,513,210 shares of the company’s stock valued at $443,680,000 after buying an additional 847,912 shares during the period. Bank of America Corp DE increased its holdings in iShares Core MSCI Europe ETF by 73.5% in the 3rd quarter. Bank of America Corp DE now owns 5,374,280 shares of the company’s stock valued at $366,096,000 after buying an additional 2,277,084 shares during the period. CI Investments Inc. lifted its holdings in shares of iShares Core MSCI Europe ETF by 9.2% during the 3rd quarter. CI Investments Inc. now owns 3,785,191 shares of the company’s stock worth $257,847,000 after acquiring an additional 318,902 shares during the period. Finally, Assetmark Inc. boosted its position in shares of iShares Core MSCI Europe ETF by 9.3% during the 2nd quarter. Assetmark Inc. now owns 1,977,837 shares of the company’s stock valued at $130,933,000 after acquiring an additional 168,774 shares in the last quarter.

About iShares Core MSCI Europe ETF

The iShares Core MSCI Europe ETF (IEUR) is an exchange-traded fund that is based on the MSCI Europe IMI index, a market-cap-weighted index of developed European securities. IEUR was launched on Jun 10, 2014 and is managed by BlackRock.