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

iShares Europe ETF (NYSEARCA:IEV)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $68.05 and last traded at $67.94, with a volume of 109341 shares traded. The stock had previously closed at $67.11.

iShares Europe ETF Trading Up 1.3%

The firm has a 50 day moving average of $66.33 and a 200-day moving average of $64.60. The company has a market cap of $1.61 billion, a P/E ratio of 16.48 and a beta of 0.91.

Institutional Investors Weigh In On iShares Europe ETF

Several institutional investors and hedge funds have recently modified their holdings of IEV. Aberdeen Wealth Management LLC bought a new position in shares of iShares Europe ETF during the second quarter worth $25,000. Heartwood Wealth Advisors LLC purchased a new stake in iShares Europe ETF in the 3rd quarter worth $29,000. Qube Research & Technologies Ltd boosted its holdings in shares of iShares Europe ETF by 434.9% during the 3rd quarter. Qube Research & Technologies Ltd now owns 444 shares of the company’s stock valued at $29,000 after purchasing an additional 361 shares during the last quarter. American National Bank & Trust bought a new position in shares of iShares Europe ETF during the 3rd quarter valued at about $32,000. Finally, Allworth Financial LP grew its position in shares of iShares Europe ETF by 51.8% during the third quarter. Allworth Financial LP now owns 560 shares of the company’s stock valued at $37,000 after purchasing an additional 191 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.