iShares Europe ETF (NYSEARCA:IEV) Hits New 1-Year High – Here’s Why

iShares Europe ETF (NYSEARCA:IEV) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $76.21 and last traded at $76.19, with a volume of 4041 shares changing hands. The stock had previously closed at $75.91.

iShares Europe ETF Trading Up 0.3%

The firm has a 50-day simple moving average of $73.59 and a two-hundred day simple moving average of $72.05. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 16.48 and a beta of 0.81.

Institutional Trading of iShares Europe ETF

A number of hedge funds have recently modified their holdings of IEV. Northwestern Mutual Wealth Management Co. boosted its position in shares of iShares Europe ETF by 3,397.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 789,809 shares of the company’s stock worth $54,181,000 after purchasing an additional 767,229 shares during the period. swisspartners Advisors Ltd raised its position in iShares Europe ETF by 129.4% in the fourth quarter. swisspartners Advisors Ltd now owns 25,580 shares of the company’s stock valued at $1,753,000 after purchasing an additional 14,430 shares during the period. Nvest Financial LLC lifted its stake in iShares Europe ETF by 11.2% during the first quarter. Nvest Financial LLC now owns 74,600 shares of the company’s stock worth $5,068,000 after purchasing an additional 7,539 shares in the last quarter. Curtis Wealth Management LLC acquired a new position in iShares Europe ETF during the fourth quarter worth $539,000. Finally, Hibernia Wealth Partners LLC purchased a new position in shares of iShares Europe ETF during the first quarter worth $1,083,000.

About iShares Europe ETF

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.