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

iShares Europe ETF (NYSEARCA:IEV) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $73.55 and last traded at $73.6440, with a volume of 19096 shares trading hands. The stock had previously closed at $73.23.

iShares Europe ETF Price Performance

The firm’s fifty day moving average price is $70.36 and its 200-day moving average price is $67.14. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 16.48 and a beta of 0.91.

Institutional Investors Weigh In On iShares Europe ETF

Hedge funds have recently modified their holdings of the stock. Aberdeen Wealth Management LLC bought a new stake in shares of iShares Europe ETF during the second quarter valued at about $25,000. Financial Network Wealth Advisors LLC lifted its stake in iShares Europe ETF by 173.4% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 391 shares of the company’s stock worth $27,000 after purchasing an additional 248 shares in the last quarter. Heartwood Wealth Advisors LLC bought a new position in iShares Europe ETF in the 3rd quarter valued at $29,000. Qube Research & Technologies Ltd boosted its holdings in iShares Europe ETF by 434.9% in the 3rd quarter. Qube Research & Technologies Ltd now owns 444 shares of the company’s stock valued at $29,000 after purchasing an additional 361 shares during the period. Finally, American National Bank & Trust purchased a new position in shares of iShares Europe ETF during the 3rd quarter valued at $32,000.

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.