iShares Europe ETF (NYSEARCA:IEV) Sets New 1-Year High – Should You Buy?

iShares Europe ETF (NYSEARCA:IEV) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $73.86 and last traded at $73.7030, with a volume of 303031 shares trading hands. The stock had previously closed at $73.52.

iShares Europe ETF Stock Performance

The company has a 50 day moving average price of $70.77 and a 200 day moving average price of $67.45. The company has a market capitalization of $1.77 billion, a PE ratio of 16.48 and a beta of 0.91.

Institutional Trading of iShares Europe ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Financial Network Wealth Advisors LLC lifted its holdings in iShares Europe ETF by 173.4% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 391 shares of the company’s stock worth $27,000 after buying an additional 248 shares during the last quarter. Aberdeen Wealth Management LLC acquired a new stake in shares of iShares Europe ETF during the 2nd quarter valued at approximately $25,000. Heartwood Wealth Advisors LLC acquired a new stake in shares of iShares Europe ETF during the 3rd quarter valued at approximately $29,000. Qube Research & Technologies Ltd lifted its stake in iShares Europe ETF by 434.9% during the third quarter. Qube Research & Technologies Ltd now owns 444 shares of the company’s stock worth $29,000 after purchasing an additional 361 shares during the last quarter. Finally, American National Bank & Trust acquired a new position in iShares Europe ETF in the third quarter worth $32,000.

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.