iShares Europe ETF (NYSEARCA:IEV) Sets New 52-Week High – What’s Next?

Shares of iShares Europe ETF (NYSEARCA:IEV) hit a new 52-week high during trading on Monday . The company traded as high as $73.14 and last traded at $73.17, with a volume of 99971 shares traded. The stock had previously closed at $72.52.

iShares Europe ETF Price Performance

The stock has a market cap of $1.76 billion, a PE ratio of 16.48 and a beta of 0.91. The business has a fifty day moving average of $69.55 and a 200-day moving average of $66.64.

Hedge Funds Weigh In On iShares Europe ETF

Several institutional investors have recently bought and sold shares of IEV. Flow Traders U.S. LLC bought a new position in iShares Europe ETF in the second quarter worth approximately $59,097,000. Northwestern Mutual Wealth Management Co. boosted its position in iShares Europe ETF by 3,397.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 789,809 shares of the company’s stock valued at $54,181,000 after acquiring an additional 767,229 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of 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 period. Oppenheimer Asset Management Inc. bought a new position in shares of iShares Europe ETF in the 2nd quarter worth $12,411,000. Finally, Black Swift Group LLC purchased a new stake in shares of iShares Europe ETF during the 2nd quarter worth $11,131,000.

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.