iShares Core MSCI Europe ETF (NYSEARCA:IEUR) Hits New 52-Week High – Should You Buy?

iShares Core MSCI Europe ETF (NYSEARCA:IEUR)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $78.64 and last traded at $78.46, with a volume of 57023 shares changing hands. The stock had previously closed at $78.31.

iShares Core MSCI Europe ETF Stock Performance

The company’s 50-day moving average is $76.00 and its 200 day moving average is $74.57. The company has a market capitalization of $9.20 billion, a PE ratio of 16.78 and a beta of 0.84.

Hedge Funds Weigh In On iShares Core MSCI Europe ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its holdings in shares of iShares Core MSCI Europe ETF by 75.4% in the first quarter. Goldman Sachs Group Inc. now owns 82,949 shares of the company’s stock worth $4,989,000 after buying an additional 35,648 shares in the last quarter. Franklin Resources Inc. purchased a new position in iShares Core MSCI Europe ETF in the second quarter worth about $27,000. Amundi raised its holdings in iShares Core MSCI Europe ETF by 6.6% during the 2nd quarter. Amundi now owns 167,088 shares of the company’s stock valued at $11,080,000 after buying an additional 10,304 shares during the period. Cerity Partners LLC lifted its holdings in shares of iShares Core MSCI Europe ETF by 50.6% in the 2nd quarter. Cerity Partners LLC now owns 54,971 shares of the company’s stock worth $3,639,000 after acquiring an additional 18,471 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in iShares Core MSCI Europe ETF by 2.4% in the second quarter. NewEdge Advisors LLC now owns 23,248 shares of the company’s stock worth $1,539,000 after purchasing an additional 549 shares during the last quarter.

iShares Core MSCI Europe ETF Company Profile

The iShares Core MSCI Europe ETF (IEUR) is an exchange-traded fund that is based on the MSCI Europe IMI index, a market-cap-weighted index of developed European securities. IEUR was launched on Jun 10, 2014 and is managed by BlackRock.