iShares MSCI Eurozone ETF (BATS:EZU) Hits New 12-Month High – Still a Buy?

iShares MSCI Eurozone ETF (BATS:EZU) reached a new 52-week high during trading on Tuesday . The stock traded as high as $48.42 and last traded at $53.37, with a volume of 907463 shares traded. The stock had previously closed at $47.70.

iShares MSCI Eurozone ETF Stock Up 10.2 %

The firm has a 50 day moving average price of $49.30 and a 200 day moving average price of $49.52. The stock has a market cap of $8.03 billion, a P/E ratio of 15.73 and a beta of 0.94.

Hedge Funds Weigh In On iShares MSCI Eurozone ETF

Large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in shares of iShares MSCI Eurozone ETF by 46.2% in the fourth quarter. Blue Trust Inc. now owns 1,513 shares of the company’s stock worth $79,000 after purchasing an additional 478 shares in the last quarter. Choreo LLC increased its stake in iShares MSCI Eurozone ETF by 7.8% in the 4th quarter. Choreo LLC now owns 4,867 shares of the company’s stock worth $229,000 after buying an additional 352 shares in the last quarter. Legacy Capital Group California Inc. raised its holdings in iShares MSCI Eurozone ETF by 2.3% during the third quarter. Legacy Capital Group California Inc. now owns 16,385 shares of the company’s stock valued at $856,000 after acquiring an additional 361 shares during the period. Compagnie Lombard Odier SCmA lifted its position in shares of iShares MSCI Eurozone ETF by 28.2% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 56,128 shares of the company’s stock valued at $2,649,000 after acquiring an additional 12,358 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of iShares MSCI Eurozone ETF by 4.1% in the third quarter. HighTower Advisors LLC now owns 18,746 shares of the company’s stock worth $980,000 after acquiring an additional 731 shares during the period.

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).