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

iShares Europe ETF (NYSEARCA:IEV) shares hit a new 52-week high on Wednesday . The stock traded as high as $73.55 and last traded at $73.6440, with a volume of 19096 shares trading hands. The stock had previously closed at $73.23.

iShares Europe ETF Price Performance

The stock’s fifty day moving average is $70.36 and its 200-day moving average is $67.14. The stock has a market capitalization of $1.77 billion, a P/E ratio of 16.48 and a beta of 0.91.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Evolve Private Wealth LLC bought a new stake in iShares Europe ETF during the fourth quarter valued at about $222,000. EFG International AG acquired a new position in shares of iShares Europe ETF during the fourth quarter worth approximately $479,000. Twin Focus Capital Partners LLC boosted its position in shares of iShares Europe ETF by 1.1% in the fourth quarter. Twin Focus Capital Partners LLC now owns 28,939 shares of the company’s stock valued at $1,985,000 after acquiring an additional 316 shares during the period. &PARTNERS increased its stake in iShares Europe ETF by 26.5% during the fourth quarter. &PARTNERS now owns 6,939 shares of the company’s stock valued at $476,000 after acquiring an additional 1,452 shares during the period. Finally, Carret Asset Management LLC lifted its position in shares of iShares Europe ETF by 5.3% during the 4th quarter. Carret Asset Management LLC now owns 4,116 shares of the company’s stock worth $282,000 after buying an additional 207 shares during the period.

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.