iShares Europe ETF (NYSEARCA:IEV) Hits New 1-Year High – Time to Buy?

Shares of iShares Europe ETF (NYSEARCA:IEV) hit a new 52-week high on Tuesday . The stock traded as high as $60.69 and last traded at $60.67, with a volume of 207877 shares. The stock had previously closed at $60.42.

iShares Europe ETF Price Performance

The company has a market capitalization of $1.79 billion, a PE ratio of 18.22 and a beta of 0.93. The company has a 50 day moving average of $56.73 and a two-hundred day moving average of $55.67.

Institutional Investors Weigh In On iShares Europe ETF

A number of institutional investors have recently modified their holdings of IEV. RPg Family Wealth Advisory LLC purchased a new stake in shares of iShares Europe ETF in the third quarter worth $28,000. LGT Financial Advisors LLC grew its stake in shares of iShares Europe ETF by 186.0% in the fourth quarter. LGT Financial Advisors LLC now owns 612 shares of the company’s stock worth $32,000 after acquiring an additional 398 shares during the last quarter. BOKF NA purchased a new stake in shares of iShares Europe ETF in the fourth quarter worth $44,000. Harbour Investments Inc. purchased a new stake in shares of iShares Europe ETF in the fourth quarter worth $47,000. Finally, BTG Pactual Asset Management US LLC purchased a new stake in shares of iShares Europe ETF in the fourth quarter worth $57,000.

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.