iShares MSCI Eurozone ETF (BATS:EZU) Sets New 12-Month High – Here’s Why

Shares of iShares MSCI Eurozone ETF (BATS:EZU) reached a new 52-week high on Thursday . The company traded as high as $48.42 and last traded at $48.76, with a volume of 907463 shares traded. The stock had previously closed at $47.70.

iShares MSCI Eurozone ETF Price Performance

The stock’s 50 day moving average is $47.79 and its two-hundred day moving average is $49.28. The stock has a market capitalization of $7.49 billion, a PE ratio of 15.73 and a beta of 0.94.

Institutional Investors Weigh In On iShares MSCI Eurozone ETF

A number of hedge funds and other institutional investors have recently modified their holdings of EZU. Magnus Financial Group LLC purchased a new position in iShares MSCI Eurozone ETF in the fourth quarter valued at $213,000. Finley Financial LLC acquired a new position in shares of iShares MSCI Eurozone ETF during the 4th quarter worth about $3,494,000. Aaron Wealth Advisors LLC acquired a new position in shares of iShares MSCI Eurozone ETF during the 4th quarter worth about $473,000. BFI Infinity Ltd. purchased a new position in shares of iShares MSCI Eurozone ETF in the 4th quarter valued at about $871,000. Finally, Courier Capital LLC acquired a new stake in shares of iShares MSCI Eurozone ETF during the 4th quarter worth about $365,000.

About iShares MSCI Eurozone ETF

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).