iShares Europe ETF (NYSEARCA:IEV) Hits New 1-Year High – Time to Buy?

Shares of iShares Europe ETF (NYSEARCA:IEV) reached a new 52-week high on Tuesday . The company traded as high as $76.21 and last traded at $76.19, with a volume of 4041 shares changing hands. The stock had previously closed at $75.91.

iShares Europe ETF Price Performance

The stock has a market capitalization of $1.70 billion, a PE ratio of 16.48 and a beta of 0.81. The business’s fifty day moving average price is $73.73 and its 200-day moving average price is $72.11.

Institutional Trading of iShares Europe ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its stake in iShares Europe ETF by 3,397.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 789,809 shares of the company’s stock worth $54,181,000 after purchasing an additional 767,229 shares during the last quarter. Checchi Capital Advisers LLC grew its holdings in shares of iShares Europe ETF by 377.2% in the first quarter. Checchi Capital Advisers LLC now owns 258,074 shares of the company’s stock worth $17,534,000 after purchasing an additional 203,995 shares during the last quarter. Jane Street Group LLC grew its holdings in iShares Europe ETF by 121.3% in the 2nd quarter. Jane Street Group LLC now owns 358,224 shares of the company’s stock worth $22,658,000 after acquiring an additional 196,368 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in iShares Europe ETF by 1,249.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 130,014 shares of the company’s stock valued at $8,238,000 after purchasing an additional 120,376 shares during the period. Finally, LPL Financial LLC increased its stake in shares of iShares Europe ETF by 46.8% during the fourth quarter. LPL Financial LLC now owns 242,587 shares of the company’s stock valued at $16,641,000 after buying an additional 77,339 shares during the period.

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.