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

Shares of iShares Europe ETF (NYSEARCA:IEV) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $73.14 and last traded at $73.17, with a volume of 99971 shares changing hands. The stock had previously closed at $72.52.

iShares Europe ETF Stock Up 0.4%

The company’s fifty day moving average is $69.92 and its two-hundred day moving average is $66.81. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 16.48 and a beta of 0.91.

Institutional Investors Weigh In On iShares Europe ETF

Hedge funds have recently made changes to their positions in the business. Signet Private Wealth LLC acquired a new position in shares of iShares Europe ETF in the fourth quarter valued at approximately $489,000. Focus Partners Advisor Solutions LLC acquired a new position in iShares Europe ETF during the fourth quarter worth about $398,000. Cerity Partners LLC grew its holdings in shares of iShares Europe ETF by 15.3% in the 4th quarter. Cerity Partners LLC now owns 20,388 shares of the company’s stock worth $1,399,000 after acquiring an additional 2,713 shares during the period. LPL Financial LLC increased its stake in iShares Europe ETF by 46.8% in the 4th quarter. LPL Financial LLC now owns 242,587 shares of the company’s stock valued at $16,641,000 after purchasing an additional 77,339 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in iShares Europe ETF by 4.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,987 shares of the company’s stock worth $274,000 after purchasing an additional 185 shares in the last quarter.

iShares Europe ETF Company Profile

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.