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

iShares Core MSCI Europe ETF (NYSEARCA:IEUR)’s share price hit a new 52-week high on Tuesday . The company traded as high as $71.02 and last traded at $70.87, with a volume of 1216979 shares changing hands. The stock had previously closed at $70.45.

iShares Core MSCI Europe ETF Stock Performance

The firm’s 50-day simple moving average is $68.94 and its 200-day simple moving average is $67.38. The company has a market capitalization of $6.95 billion, a price-to-earnings ratio of 16.78 and a beta of 0.93.

Hedge Funds Weigh In On iShares Core MSCI Europe ETF

Several large investors have recently added to or reduced their stakes in IEUR. Cresset Asset Management LLC acquired a new stake in shares of iShares Core MSCI Europe ETF during the 1st quarter worth approximately $326,000. Steward Partners Investment Advisory LLC lifted its position in iShares Core MSCI Europe ETF by 95,671.3% in the first quarter. Steward Partners Investment Advisory LLC now owns 226,978 shares of the company’s stock worth $13,653,000 after purchasing an additional 226,741 shares during the period. Aptus Capital Advisors LLC boosted its stake in iShares Core MSCI Europe ETF by 32.9% during the first quarter. Aptus Capital Advisors LLC now owns 13,931 shares of the company’s stock worth $838,000 after buying an additional 3,450 shares in the last quarter. Korea Investment CORP increased its holdings in iShares Core MSCI Europe ETF by 140.9% in the 1st quarter. Korea Investment CORP now owns 855,592 shares of the company’s stock valued at $51,464,000 after buying an additional 500,487 shares during the period. Finally, Hsbc Holdings PLC raised its stake in shares of iShares Core MSCI Europe ETF by 41.3% in the 1st quarter. Hsbc Holdings PLC now owns 62,161 shares of the company’s stock valued at $3,739,000 after buying an additional 18,161 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.