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

iShares MSCI Eurozone ETF (BATS:EZU) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $47.65 and last traded at $47.37, with a volume of 1665932 shares traded. The stock had previously closed at $47.04.

iShares MSCI Eurozone ETF Stock Up 0.6 %

The firm has a market capitalization of $7.23 billion, a P/E ratio of 15.73 and a beta of 0.94. The business’s 50 day moving average is $49.74 and its 200-day moving average is $50.04.

Institutional Trading of iShares MSCI Eurozone ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its stake in iShares MSCI Eurozone ETF by 4.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 38,191,412 shares of the company’s stock worth $1,864,752,000 after acquiring an additional 1,675,952 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in iShares MSCI Eurozone ETF by 19.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,690,306 shares of the company’s stock worth $88,285,000 after purchasing an additional 273,461 shares in the last quarter. Jane Street Group LLC lifted its stake in iShares MSCI Eurozone ETF by 3,439.7% in the 1st quarter. Jane Street Group LLC now owns 814,123 shares of the company’s stock valued at $41,569,000 after purchasing an additional 791,123 shares during the last quarter. Barings LLC boosted its position in iShares MSCI Eurozone ETF by 46.1% in the second quarter. Barings LLC now owns 334,170 shares of the company’s stock valued at $16,318,000 after buying an additional 105,419 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in shares of iShares MSCI Eurozone ETF by 32.6% during the second quarter. Bank of Montreal Can now owns 325,946 shares of the company’s stock worth $16,949,000 after buying an additional 80,062 shares during 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).