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

iShares Europe ETF (NYSEARCA:IEV)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $62.59 and last traded at $62.49, with a volume of 175772 shares changing hands. The stock had previously closed at $62.01.

iShares Europe ETF Stock Performance

The company has a market capitalization of $2.14 billion, a PE ratio of 17.33 and a beta of 0.87. The company has a 50 day moving average price of $58.71 and a 200 day moving average price of $56.17.

Hedge Funds Weigh In On iShares Europe ETF

Several large investors have recently added to or reduced their stakes in IEV. Merit Financial Group LLC bought a new position in iShares Europe ETF during the fourth quarter worth $570,000. Finley Financial LLC bought a new position in iShares Europe ETF during the fourth quarter worth $657,000. SMI Advisory Services LLC lifted its stake in iShares Europe ETF by 13.5% during the fourth quarter. SMI Advisory Services LLC now owns 39,701 shares of the company’s stock worth $2,062,000 after purchasing an additional 4,718 shares during the last quarter. Cyndeo Wealth Partners LLC lifted its stake in iShares Europe ETF by 26.4% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 4,571 shares of the company’s stock worth $238,000 after purchasing an additional 956 shares during the last quarter. Finally, CFS Investment Advisory Services LLC lifted its stake in iShares Europe ETF by 64.9% in the fourth quarter. CFS Investment Advisory Services LLC now owns 9,502 shares of the company’s stock valued at $495,000 after buying an additional 3,741 shares during the last quarter.

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.