iShares MSCI Eurozone ETF (BATS:EZU) Hits New 52-Week High – Here’s What Happened

iShares MSCI Eurozone ETF (BATS:EZU) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $69.44 and last traded at $69.23, with a volume of 956195 shares trading hands. The stock had previously closed at $68.54.

iShares MSCI Eurozone ETF Stock Performance

The company has a market capitalization of $9.45 billion, a price-to-earnings ratio of 16.35 and a beta of 1.01. The company’s fifty day simple moving average is $66.30 and its two-hundred day simple moving average is $63.32.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. MV Capital Management Inc. bought a new position in iShares MSCI Eurozone ETF during the fourth quarter worth $4,131,000. Dorsey Wright & Associates boosted its holdings in shares of iShares MSCI Eurozone ETF by 1.5% in the 4th quarter. Dorsey Wright & Associates now owns 50,450 shares of the company’s stock valued at $3,234,000 after buying an additional 734 shares during the period. Kovitz Investment Group Partners LLC grew its position in shares of iShares MSCI Eurozone ETF by 109.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 399,572 shares of the company’s stock valued at $25,613,000 after buying an additional 208,866 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake in iShares MSCI Eurozone ETF by 428.8% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 18,281 shares of the company’s stock worth $1,172,000 after acquiring an additional 14,824 shares during the period. Finally, XTX Topco Ltd acquired a new stake in iShares MSCI Eurozone ETF during the fourth quarter worth about $207,000.

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). The Index seeks to measure the performance of the equity markets of the EMU member countries: those members of the European Union who have adopted the Euro as its currency.