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

iShares Europe ETF (NYSEARCA:IEV)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $67.23 and last traded at $67.2520, with a volume of 8701 shares trading hands. The stock had previously closed at $66.65.

iShares Europe ETF Trading Down 0.3%

The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 16.48 and a beta of 0.91. The stock’s fifty day moving average price is $65.70 and its 200-day moving average price is $63.92.

Institutional Trading of iShares Europe ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Brown Advisory Inc. acquired a new stake in shares of iShares Europe ETF during the first quarter valued at about $216,000. Nwam LLC increased its holdings in iShares Europe ETF by 31.6% in the 1st quarter. Nwam LLC now owns 10,207 shares of the company’s stock valued at $594,000 after purchasing an additional 2,448 shares during the last quarter. Private Advisor Group LLC raised its position in iShares Europe ETF by 27.3% in the first quarter. Private Advisor Group LLC now owns 16,963 shares of the company’s stock valued at $987,000 after purchasing an additional 3,636 shares during the period. Kestra Private Wealth Services LLC acquired a new position in iShares Europe ETF during the first quarter worth $213,000. Finally, LPL Financial LLC grew its stake in shares of iShares Europe ETF by 247.6% in the first quarter. LPL Financial LLC now owns 406,035 shares of the company’s stock valued at $23,631,000 after buying an additional 289,228 shares in the last quarter.

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.