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

iShares Europe ETF (NYSEARCA:IEV) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $60.69 and last traded at $60.67, with a volume of 207877 shares. The stock had previously closed at $60.42.

iShares Europe ETF Stock Up 0.4 %

The firm has a market cap of $1.81 billion, a P/E ratio of 18.22 and a beta of 0.93. The business has a fifty day simple moving average of $56.42 and a 200-day simple moving average of $55.61.

Institutional Investors Weigh In On iShares Europe ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. RPg Family Wealth Advisory LLC bought a new stake in iShares Europe ETF in the third quarter worth $28,000. LGT Financial Advisors LLC raised its position in shares of iShares Europe ETF by 186.0% in the 4th quarter. LGT Financial Advisors LLC now owns 612 shares of the company’s stock worth $32,000 after purchasing an additional 398 shares during the last quarter. BOKF NA bought a new position in iShares Europe ETF in the 4th quarter worth about $44,000. Harbour Investments Inc. purchased a new stake in iShares Europe ETF during the 4th quarter valued at about $47,000. Finally, BTG Pactual Asset Management US LLC bought a new stake in iShares Europe ETF during the 4th quarter valued at about $57,000.

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.