iShares MSCI Eurozone ETF (BATS:EZU) Hits New 1-Year High – Still a Buy?

iShares MSCI Eurozone ETF (BATS:EZU)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $69.49 and last traded at $69.22, with a volume of 117808 shares changing hands. The stock had previously closed at $68.08.

iShares MSCI Eurozone ETF Stock Performance

The firm has a market capitalization of $9.32 billion, a price-to-earnings ratio of 16.35 and a beta of 1.01. The firm has a fifty day moving average price of $66.63 and a 200 day moving average price of $65.50.

Institutional Investors Weigh In On iShares MSCI Eurozone ETF

A number of hedge funds and other institutional investors have recently modified their holdings of EZU. Steward Partners Investment Advisory LLC increased its position in iShares MSCI Eurozone ETF by 1.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 15,571 shares of the company’s stock worth $998,000 after purchasing an additional 149 shares in the last quarter. Apollon Wealth Management LLC increased its position in iShares MSCI Eurozone ETF by 4.0% during the 1st quarter. Apollon Wealth Management LLC now owns 4,919 shares of the company’s stock worth $308,000 after purchasing an additional 187 shares in the last quarter. Lazard Asset Management LLC increased its position in iShares MSCI Eurozone ETF by 3.9% during the 1st quarter. Lazard Asset Management LLC now owns 5,257 shares of the company’s stock worth $329,000 after purchasing an additional 195 shares in the last quarter. Regatta Capital Group LLC increased its position in iShares MSCI Eurozone ETF by 6.0% during the 4th quarter. Regatta Capital Group LLC now owns 3,982 shares of the company’s stock worth $255,000 after purchasing an additional 225 shares in the last quarter. Finally, Focus Partners Wealth increased its position in iShares MSCI Eurozone ETF by 4.3% during the 1st quarter. Focus Partners Wealth now owns 5,774 shares of the company’s stock worth $307,000 after purchasing an additional 240 shares in the last quarter.

About iShares MSCI Eurozone ETF

iShares MSCI EMU ETF, formerly iShares MSCI EMU Index Fund (the Fund), is an exchange-traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the European Monetary Union (EMU) markets, as measured by the MSCI EMU Index (the Index). The Index seeks to measure the performance of the equity markets of the EMU member countries: those members of the European Union who have adopted the Euro as its currency.