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

iShares Europe ETF (NYSEARCA:IEV) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $74.45 and last traded at $74.45, with a volume of 32997 shares changing hands. The stock had previously closed at $72.91.

iShares Europe ETF Price Performance

The business’s 50 day moving average price is $72.73 and its 200 day moving average price is $71.57. The firm has a market cap of $1.67 billion, a PE ratio of 16.48 and a beta of 0.81.

Institutional Trading of iShares Europe ETF

Institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its stake in iShares Europe ETF by 3,397.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 789,809 shares of the company’s stock valued at $54,181,000 after purchasing an additional 767,229 shares during the last quarter. Bank of America Corp DE grew its stake in iShares Europe ETF by 4.6% during the 3rd quarter. Bank of America Corp DE now owns 472,737 shares of the company’s stock valued at $30,955,000 after acquiring an additional 20,869 shares in the last quarter. Wells Fargo & Company MN grew its stake in iShares Europe ETF by 7.2% during the 4th quarter. Wells Fargo & Company MN now owns 462,135 shares of the company’s stock valued at $31,702,000 after acquiring an additional 31,213 shares in the last quarter. Jane Street Group LLC raised its holdings in iShares Europe ETF by 121.3% in the 2nd quarter. Jane Street Group LLC now owns 358,224 shares of the company’s stock valued at $22,658,000 after acquiring an additional 196,368 shares during the last quarter. Finally, Checchi Capital Advisers LLC lifted its stake in iShares Europe ETF by 377.2% in the 1st quarter. Checchi Capital Advisers LLC now owns 258,074 shares of the company’s stock worth $17,534,000 after purchasing an additional 203,995 shares in 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.