iShares Europe ETF (NYSEARCA:IEV) Hits New 1-Year High – Here’s Why

iShares Europe ETF (NYSEARCA:IEV)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $70.81 and last traded at $70.6470, with a volume of 74201 shares changing hands. The stock had previously closed at $70.32.

iShares Europe ETF Stock Performance

The firm has a market capitalization of $1.70 billion, a P/E ratio of 16.48 and a beta of 0.91. The stock’s 50 day simple moving average is $68.13 and its 200 day simple moving average is $65.91.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IEV. Aberdeen Wealth Management LLC purchased a new stake in shares of iShares Europe ETF in the 2nd quarter worth $25,000. Heartwood Wealth Advisors LLC purchased a new position in iShares Europe ETF during the 3rd quarter valued at about $29,000. Qube Research & Technologies Ltd increased its position in iShares Europe ETF by 434.9% during the 3rd quarter. Qube Research & Technologies Ltd now owns 444 shares of the company’s stock valued at $29,000 after purchasing an additional 361 shares during the period. American National Bank & Trust bought a new stake in shares of iShares Europe ETF in the 3rd quarter valued at about $32,000. Finally, Allworth Financial LP lifted its position in shares of iShares Europe ETF by 51.8% in the 3rd quarter. Allworth Financial LP now owns 560 shares of the company’s stock worth $37,000 after purchasing an additional 191 shares during the period.

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.