iShares MSCI Eurozone ETF (BATS:EZU) Hits New 12-Month High – Should You Buy?

iShares MSCI Eurozone ETF (BATS:EZU)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $48.42 and last traded at $54.69, with a volume of 907463 shares. The stock had previously closed at $47.70.

iShares MSCI Eurozone ETF Price Performance

The firm’s 50 day moving average is $50.95 and its 200 day moving average is $49.99. The firm has a market cap of $8.17 billion, a P/E ratio of 16.52 and a beta of 1.06.

Institutional Investors Weigh In On iShares MSCI Eurozone ETF

Several hedge funds have recently bought and sold shares of the business. US Bancorp DE boosted its stake in iShares MSCI Eurozone ETF by 9.3% during the third quarter. US Bancorp DE now owns 3,278 shares of the company’s stock worth $171,000 after acquiring an additional 280 shares in the last quarter. Huntington National Bank boosted its stake in iShares MSCI Eurozone ETF by 128.9% during the fourth quarter. Huntington National Bank now owns 531 shares of the company’s stock worth $25,000 after acquiring an additional 299 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in iShares MSCI Eurozone ETF by 2.4% during the fourth quarter. Farther Finance Advisors LLC now owns 14,302 shares of the company’s stock worth $675,000 after acquiring an additional 333 shares in the last quarter. Blue Trust Inc. boosted its stake in iShares MSCI Eurozone ETF by 32.6% during the fourth quarter. Blue Trust Inc. now owns 1,372 shares of the company’s stock worth $65,000 after acquiring an additional 337 shares in the last quarter. Finally, Choreo LLC lifted its stake in shares of iShares MSCI Eurozone ETF by 7.8% in the fourth quarter. Choreo LLC now owns 4,867 shares of the company’s stock worth $229,000 after buying an additional 352 shares in the last quarter.

iShares MSCI Eurozone ETF Company Profile

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).