iShares MSCI Eurozone ETF (BATS:EZU) Reaches New 52-Week High – Here’s What Happened

iShares MSCI Eurozone ETF (BATS:EZU)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $70.31 and last traded at $69.56, with a volume of 201315 shares changing hands. The stock had previously closed at $69.93.

iShares MSCI Eurozone ETF Stock Down 0.7%

The business has a fifty day simple moving average of $67.22 and a two-hundred day simple moving average of $65.73. The company has a market cap of $9.48 billion, a P/E ratio of 16.35 and a beta of 1.01.

Hedge Funds Weigh In On iShares MSCI Eurozone ETF

A number of institutional investors and hedge funds have recently made changes to their positions in EZU. Royal Bank of Canada boosted its holdings in shares of iShares MSCI Eurozone ETF by 113.9% in the first quarter. Royal Bank of Canada now owns 11,862,280 shares of the company’s stock worth $743,052,000 after buying an additional 6,316,311 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of iShares MSCI Eurozone ETF by 24.7% in the second quarter. Bank of America Corp DE now owns 8,470,572 shares of the company’s stock worth $503,576,000 after buying an additional 1,680,517 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of iShares MSCI Eurozone ETF by 27.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,719,562 shares of the company’s stock worth $174,324,000 after buying an additional 593,564 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of iShares MSCI Eurozone ETF by 8,264.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 419,834 shares of the company’s stock worth $26,298,000 after buying an additional 414,815 shares during the period. Finally, Fisher Asset Management LLC raised its stake in shares of iShares MSCI Eurozone ETF by 11.9% in the fourth quarter. Fisher Asset Management LLC now owns 3,335,268 shares of the company’s stock worth $213,791,000 after buying an additional 355,802 shares during the period.

About iShares MSCI Eurozone ETF

iShares MSCI EMU ETF, formerly iShares MSCI EMU Index Fund (the Fund), is an exchange-traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the European Monetary Union (EMU) markets, as measured by the MSCI EMU Index (the Index). The Index seeks to measure the performance of the equity markets of the EMU member countries: those members of the European Union who have adopted the Euro as its currency.