iShares MSCI Eurozone ETF (BATS:EZU) Sets New 1-Year High – Here’s Why

iShares MSCI Eurozone ETF (BATS:EZU)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $70.87 and last traded at $70.77, with a volume of 95098 shares trading hands. The stock had previously closed at $70.23.

iShares MSCI Eurozone ETF Price Performance

The company’s 50-day moving average price is $68.69 and its two-hundred day moving average price is $66.90. The company has a market capitalization of $9.70 billion, a P/E ratio of 16.35 and a beta of 1.01.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Royal Bank of Canada lifted its position in iShares MSCI Eurozone ETF by 113.9% during the first quarter. Royal Bank of Canada now owns 11,862,280 shares of the company’s stock worth $743,052,000 after acquiring an additional 6,316,311 shares during the last quarter. Bank of America Corp DE grew its position in shares of iShares MSCI Eurozone ETF by 12.3% in the first quarter. Bank of America Corp DE now owns 8,539,311 shares of the company’s stock valued at $534,902,000 after purchasing an additional 937,598 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of iShares MSCI Eurozone ETF by 11.9% in the fourth quarter. Fisher Asset Management LLC now owns 3,335,268 shares of the company’s stock valued at $213,791,000 after purchasing an additional 355,802 shares during the last quarter. UBS Group AG increased its stake in shares of iShares MSCI Eurozone ETF by 7.4% during the fourth quarter. UBS Group AG now owns 1,266,312 shares of the company’s stock worth $81,171,000 after purchasing an additional 87,549 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of iShares MSCI Eurozone ETF by 1.7% during the fourth quarter. Wells Fargo & Company MN now owns 828,855 shares of the company’s stock worth $53,130,000 after purchasing an additional 13,642 shares during the period.

About iShares MSCI Eurozone ETF

iShares MSCI EMU ETF, formerly iShares MSCI EMU Index Fund (the Fund), is an exchange-traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the European Monetary Union (EMU) markets, as measured by the MSCI EMU Index (the Index). The Index seeks to measure the performance of the equity markets of the EMU member countries: those members of the European Union who have adopted the Euro as its currency.