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

Shares of iShares Europe ETF (NYSEARCA:IEV) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $69.00 and last traded at $68.7710, with a volume of 77244 shares. The stock had previously closed at $68.76.

iShares Europe ETF Price Performance

The firm has a market capitalization of $1.63 billion, a PE ratio of 16.48 and a beta of 0.91. The firm has a 50-day simple moving average of $66.88 and a 200-day simple moving average of $65.03.

Institutional Investors Weigh In On iShares Europe ETF

A number of institutional investors have recently bought and sold shares of the business. Flow Traders U.S. LLC bought a new position in shares of iShares Europe ETF in the second quarter worth about $59,097,000. Barings LLC raised 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 valued at $45,757,000 after buying an additional 41,244 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of iShares Europe ETF by 4.6% in the third 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 in the last quarter. Checchi Capital Advisers LLC boosted its position in shares of iShares Europe ETF by 30.6% during the second quarter. Checchi Capital Advisers LLC now owns 401,731 shares of the company’s stock worth $25,409,000 after acquiring an additional 94,166 shares during the last quarter. Finally, Jane Street Group LLC grew its stake in iShares Europe ETF by 121.3% during the second quarter. Jane Street Group LLC now owns 358,224 shares of the company’s stock valued at $22,658,000 after acquiring an additional 196,368 shares in the last quarter.

iShares Europe ETF Company Profile

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.