iShares Europe ETF (NYSEARCA:IEV) Hits New 12-Month High – Here’s Why

Shares of iShares Europe ETF (NYSEARCA:IEV) hit a new 52-week high during mid-day trading 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 Stock Up 0.4 %

The company has a fifty day moving average price of $56.42 and a 200 day moving average price of $55.61. The stock has a market cap of $1.81 billion, a PE ratio of 18.22 and a beta of 0.93.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of IEV. RPg Family Wealth Advisory LLC purchased a new position in iShares Europe ETF during the 3rd quarter valued at $28,000. LGT Financial Advisors LLC raised its stake in 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 buying an additional 398 shares in the last quarter. BOKF NA purchased a new stake in iShares Europe ETF in the fourth quarter worth about $44,000. Harbour Investments Inc. purchased a new stake in iShares Europe ETF in the fourth quarter worth about $47,000. Finally, BTG Pactual Asset Management US LLC bought a new stake in iShares Europe ETF during the 4th quarter valued at approximately $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.