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

iShares Europe ETF (NYSEARCA:IEV) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $70.58 and last traded at $70.61, with a volume of 38419 shares traded. The stock had previously closed at $70.27.

iShares Europe ETF Stock Performance

The firm has a 50-day moving average of $67.46 and a 200-day moving average of $65.53. The firm has a market capitalization of $1.69 billion, a P/E ratio of 16.48 and a beta of 0.91.

Hedge Funds Weigh In On iShares Europe ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in IEV. Flow Traders U.S. LLC purchased a new stake in shares of iShares Europe ETF in the second quarter worth $59,097,000. Barings LLC lifted its position in iShares Europe ETF by 6.0% during the second quarter. Barings LLC now owns 723,437 shares of the company’s stock valued at $45,757,000 after purchasing an additional 41,244 shares during the period. Bank of America Corp DE boosted its stake in shares of iShares Europe ETF by 4.6% in the 3rd quarter. Bank of America Corp DE now owns 472,737 shares of the company’s stock worth $30,955,000 after buying an additional 20,869 shares during the last quarter. Checchi Capital Advisers LLC grew its stake in shares of iShares Europe ETF by 30.6% during the 2nd quarter. Checchi Capital Advisers LLC now owns 401,731 shares of the company’s stock valued at $25,409,000 after purchasing an additional 94,166 shares during the period. Finally, Jane Street Group LLC raised its position in iShares Europe ETF by 121.3% in the second 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 period.

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.