iShares MSCI Eurozone ETF (BATS:EZU) Sets New 12-Month High – What’s Next?

iShares MSCI Eurozone ETF (BATS:EZU) hit a new 52-week high during trading on Tuesday . The company traded as high as $48.42 and last traded at $50.64, with a volume of 907463 shares. The stock had previously closed at $47.70.

iShares MSCI Eurozone ETF Stock Up 6.2 %

The firm has a market capitalization of $7.74 billion, a PE ratio of 15.73 and a beta of 0.94. The business’s fifty day moving average price is $48.03 and its 200 day moving average price is $49.27.

Institutional Investors Weigh In On iShares MSCI Eurozone ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Sound Income Strategies LLC purchased a new stake in shares of iShares MSCI Eurozone ETF during the third quarter worth about $42,000. Blue Trust Inc. grew its holdings in iShares MSCI Eurozone ETF by 59.0% in the third quarter. Blue Trust Inc. now owns 1,035 shares of the company’s stock valued at $51,000 after purchasing an additional 384 shares during the period. Global Wealth Strategies & Associates grew its holdings in iShares MSCI Eurozone ETF by 628.0% in the third quarter. Global Wealth Strategies & Associates now owns 1,092 shares of the company’s stock valued at $57,000 after purchasing an additional 942 shares during the period. Bangor Savings Bank purchased a new stake in iShares MSCI Eurozone ETF in the fourth quarter valued at approximately $74,000. Finally, Eastern Bank purchased a new stake in iShares MSCI Eurozone ETF in the third quarter valued at approximately $109,000.

iShares MSCI Eurozone ETF Company Profile

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).