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

iShares Europe ETF (NYSEARCA:IEV)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $74.45 and last traded at $74.45, with a volume of 32997 shares traded. The stock had previously closed at $72.91.

iShares Europe ETF Stock Up 2.1%

The company has a market capitalization of $1.67 billion, a PE ratio of 16.48 and a beta of 0.81. The company has a 50-day moving average price of $72.67 and a two-hundred day moving average price of $71.52.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in IEV. Sax Wealth Advisors LLC purchased a new stake in shares of iShares Europe ETF in the second quarter worth about $458,000. Foguth Wealth Management LLC. bought a new stake in iShares Europe ETF during the 1st quarter worth approximately $212,000. Bank of America Corp DE increased its holdings in iShares Europe ETF by 8.0% during the 1st quarter. Bank of America Corp DE now owns 367,474 shares of the company’s stock worth $24,966,000 after acquiring an additional 27,139 shares during the period. Strategic Investment Advisors MI purchased a new stake in iShares Europe ETF in the 1st quarter worth approximately $131,000. Finally, EverSource Wealth Advisors LLC lifted its stake in iShares Europe ETF by 26.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,725 shares of the company’s stock worth $457,000 after purchasing an additional 1,406 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.