iShares Europe ETF (NYSEARCA:IEV) Reaches New 1-Year High at $56.10

iShares Europe ETF (NYSEARCA:IEV) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $56.10 and last traded at $56.07, with a volume of 7889 shares traded. The stock had previously closed at $55.63.

iShares Europe ETF Price Performance

The company has a market capitalization of $1.73 billion, a P/E ratio of 16.09 and a beta of 0.83. The company has a fifty day moving average price of $54.89 and a 200 day moving average price of $52.40.

Institutional Trading of iShares Europe ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Checchi Capital Advisers LLC raised its stake in shares of iShares Europe ETF by 422.4% in the first quarter. Checchi Capital Advisers LLC now owns 311,557 shares of the company’s stock valued at $17,344,000 after purchasing an additional 251,914 shares in the last quarter. Connectus Wealth LLC acquired a new stake in iShares Europe ETF in the 4th quarter valued at about $9,252,000. FPC Investment Advisory Inc. bought a new stake in iShares Europe ETF in the first quarter valued at about $5,688,000. Barings LLC bought a new stake in iShares Europe ETF during the 1st quarter worth approximately $4,920,000. Finally, SMI Advisory Services LLC bought a new position in shares of iShares Europe ETF during the 1st quarter worth approximately $3,422,000.

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.