iShares MSCI Eurozone ETF (BATS:EZU) Sets New 12-Month High – Here’s Why

iShares MSCI Eurozone ETF (BATS:EZU)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $71.84 and last traded at $71.79, with a volume of 108774 shares trading hands. The stock had previously closed at $71.30.

iShares MSCI Eurozone ETF Trading Up 0.4%

The stock’s fifty day moving average price is $68.92 and its 200 day moving average price is $67.09. The stock has a market cap of $9.77 billion, a P/E ratio of 16.35 and a beta of 1.01.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Tucker Asset Management LLC bought a new stake in iShares MSCI Eurozone ETF during the fourth quarter worth about $27,000. Financial Network Wealth Advisors LLC raised its holdings in shares of iShares MSCI Eurozone ETF by 177.8% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 439 shares of the company’s stock valued at $28,000 after buying an additional 281 shares in the last quarter. Rothschild Investment LLC purchased a new position in shares of iShares MSCI Eurozone ETF during the 4th quarter valued at about $32,000. Miller Capital Partners Inc. bought a new stake in iShares MSCI Eurozone ETF in the 4th quarter worth approximately $33,000. Finally, Simplex Trading LLC bought a new stake in iShares MSCI Eurozone ETF in the 4th quarter worth approximately $35,000.

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.