iShares Core MSCI Europe ETF (NYSEARCA:IEUR) Hits New 1-Year High – Should You Buy?

iShares Core MSCI Europe ETF (NYSEARCA:IEUR) hit a new 52-week high on Wednesday . The stock traded as high as $75.61 and last traded at $75.38, with a volume of 645018 shares trading hands. The stock had previously closed at $74.23.

iShares Core MSCI Europe ETF Trading Up 1.5%

The stock has a market capitalization of $7.58 billion, a P/E ratio of 16.78 and a beta of 0.93. The company’s fifty day simple moving average is $70.95 and its 200 day simple moving average is $68.72.

Hedge Funds Weigh In On iShares Core MSCI Europe ETF

Several institutional investors have recently modified their holdings of the company. HHM Wealth Advisors LLC purchased a new position in iShares Core MSCI Europe ETF in the 4th quarter worth $27,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of iShares Core MSCI Europe ETF during the second quarter valued at approximately $26,000. Franklin Resources Inc. purchased a new stake in shares of iShares Core MSCI Europe ETF in the 2nd quarter worth about $27,000. Family Legacy Financial Solutions LLC purchased a new stake in iShares Core MSCI Europe ETF in the third quarter worth about $29,000. Finally, Caldwell Trust Co bought a new stake in shares of iShares Core MSCI Europe ETF during the second quarter valued at approximately $33,000.

About iShares Core MSCI Europe ETF

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.