iShares MSCI Eurozone ETF (BATS:EZU) Reaches New 1-Year High – Here’s Why

iShares MSCI Eurozone ETF (BATS:EZU) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $70.31 and last traded at $69.56, with a volume of 201315 shares. The stock had previously closed at $69.93.

iShares MSCI Eurozone ETF Stock Up 0.1%

The stock has a market capitalization of $9.46 billion, a PE ratio of 16.35 and a beta of 1.01. The firm’s fifty day moving average is $67.46 and its 200-day moving average is $65.83.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in EZU. Tucker Asset Management LLC purchased a new position in iShares MSCI Eurozone ETF in the fourth quarter valued at about $27,000. Financial Network Wealth Advisors LLC increased its holdings in iShares MSCI Eurozone ETF by 177.8% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 439 shares of the company’s stock valued at $28,000 after buying an additional 281 shares in the last quarter. Rothschild Investment LLC purchased a new position in iShares MSCI Eurozone ETF in the fourth quarter valued at about $32,000. Miller Capital Partners Inc. purchased a new position in iShares MSCI Eurozone ETF in the fourth quarter valued at about $33,000. Finally, Simplex Trading LLC purchased a new position in iShares MSCI Eurozone ETF in the fourth quarter valued at about $35,000.

iShares MSCI Eurozone ETF Company Profile

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.