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

iShares Europe ETF (NYSEARCA:IEV) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $68.67 and last traded at $68.60, with a volume of 280342 shares changing hands. The stock had previously closed at $68.01.

iShares Europe ETF Stock Performance

The company has a market capitalization of $1.59 billion, a P/E ratio of 16.48 and a beta of 0.91. The company has a 50-day simple moving average of $66.51 and a 200 day simple moving average of $64.79.

Hedge Funds Weigh In On iShares Europe ETF

Several large investors have recently bought and sold shares of IEV. Aberdeen Wealth Management LLC acquired a new stake in iShares Europe ETF in the 2nd quarter worth $25,000. Heartwood Wealth Advisors LLC acquired a new position in shares of iShares Europe ETF during the third quarter valued at about $29,000. Qube Research & Technologies Ltd lifted its stake in shares of iShares Europe ETF by 434.9% in the third quarter. Qube Research & Technologies Ltd now owns 444 shares of the company’s stock valued at $29,000 after buying an additional 361 shares during the period. American National Bank & Trust acquired a new stake in iShares Europe ETF during the third quarter worth about $32,000. Finally, Allworth Financial LP grew its position in iShares Europe ETF by 51.8% during the third quarter. Allworth Financial LP now owns 560 shares of the company’s stock worth $37,000 after buying an additional 191 shares in the last quarter.

About iShares Europe ETF

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.