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

iShares Europe ETF (NYSEARCA:IEV) reached a new 52-week high on Thursday . The stock traded as high as $70.81 and last traded at $70.6470, with a volume of 74201 shares changing hands. The stock had previously closed at $70.32.

iShares Europe ETF Price Performance

The business has a 50-day simple moving average of $68.13 and a 200 day simple moving average of $65.91. The firm has a market cap of $1.70 billion, a PE ratio of 16.48 and a beta of 0.91.

Institutional Trading of iShares Europe ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Flow Traders U.S. LLC purchased a new position in shares of iShares Europe ETF during the 2nd quarter valued at $59,097,000. Barings LLC grew its position in shares of iShares Europe ETF by 6.0% during the second quarter. Barings LLC now owns 723,437 shares of the company’s stock worth $45,757,000 after purchasing an additional 41,244 shares in the last quarter. Bank of America Corp DE raised its stake in iShares Europe ETF by 4.6% during the 3rd quarter. Bank of America Corp DE now owns 472,737 shares of the company’s stock valued at $30,955,000 after purchasing an additional 20,869 shares during the period. Checchi Capital Advisers LLC boosted its stake in iShares Europe ETF by 30.6% in the 2nd quarter. Checchi Capital Advisers LLC now owns 401,731 shares of the company’s stock worth $25,409,000 after purchasing an additional 94,166 shares during the period. Finally, Jane Street Group LLC grew its holdings in iShares Europe ETF by 121.3% during the 2nd quarter. Jane Street Group LLC now owns 358,224 shares of the company’s stock valued at $22,658,000 after buying an additional 196,368 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.