iShares Europe ETF (NYSEARCA:IEV) Reaches New 1-Year High – Here’s What Happened

Shares of iShares Europe ETF (NYSEARCA:IEV) hit a new 52-week high on Monday . The company traded as high as $69.00 and last traded at $68.7710, with a volume of 77244 shares trading hands. The stock had previously closed at $68.76.

iShares Europe ETF Trading Down 0.5%

The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 16.48 and a beta of 0.91. The stock has a 50-day moving average price of $66.88 and a 200 day moving average price of $65.03.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in IEV. Aberdeen Wealth Management LLC purchased a new position in iShares Europe ETF during the second quarter worth about $25,000. Heartwood Wealth Advisors LLC purchased a new position in iShares Europe ETF in the third quarter worth approximately $29,000. Qube Research & Technologies Ltd grew its stake in shares of iShares Europe ETF by 434.9% during the third quarter. Qube Research & Technologies Ltd now owns 444 shares of the company’s stock worth $29,000 after purchasing an additional 361 shares in the last quarter. American National Bank & Trust acquired a new stake in shares of iShares Europe ETF during the 3rd quarter worth about $32,000. Finally, Allworth Financial LP boosted its stake in iShares Europe ETF by 51.8% in the third quarter. Allworth Financial LP now owns 560 shares of the company’s stock valued at $37,000 after acquiring an additional 191 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.