iShares Europe ETF (NYSEARCA:IEV) Sets New 12-Month High – Still a Buy?

iShares Europe ETF (NYSEARCA:IEV)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $75.39 and last traded at $75.34, with a volume of 212588 shares traded. The stock had previously closed at $74.61.

iShares Europe ETF Trading Up 1.0%

The stock has a 50 day simple moving average of $72.81 and a 200-day simple moving average of $71.64. The firm has a market capitalization of $1.69 billion, a P/E ratio of 16.48 and a beta of 0.81.

Hedge Funds Weigh In On iShares Europe ETF

A number of institutional investors and hedge funds have recently made changes to their positions in IEV. Financial Network Wealth Advisors LLC grew its position in iShares Europe ETF by 173.4% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 391 shares of the company’s stock valued at $27,000 after buying an additional 248 shares during the period. Qube Research & Technologies Ltd increased its holdings in iShares Europe ETF by 434.9% during the third quarter. Qube Research & Technologies Ltd now owns 444 shares of the company’s stock valued at $29,000 after buying an additional 361 shares during the last quarter. Tower Research Capital LLC TRC raised its position in iShares Europe ETF by 4,317.9% in the second quarter. Tower Research Capital LLC TRC now owns 1,237 shares of the company’s stock worth $78,000 after acquiring an additional 1,209 shares during the period. Strategic Investment Advisors MI bought a new position in iShares Europe ETF in the first quarter worth approximately $131,000. Finally, Osbon Capital Management LLC bought a new position in iShares Europe ETF in the fourth quarter worth approximately $141,000.

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.