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

iShares MSCI Eurozone ETF (BATS:EZU) shares reached a new 52-week high on Monday . The stock traded as high as $47.67 and last traded at $47.64, with a volume of 2449767 shares traded. The stock had previously closed at $47.43.

iShares MSCI Eurozone ETF Stock Performance

The firm has a market cap of $7.21 billion, a P/E ratio of 15.73 and a beta of 0.94. The firm has a fifty day moving average of $50.14 and a 200-day moving average of $50.21.

Hedge Funds Weigh In On iShares MSCI Eurozone ETF

Large investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its position in iShares MSCI Eurozone ETF by 4.6% in 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 purchasing an additional 1,675,952 shares during the period. Jane Street Group LLC grew its holdings in iShares MSCI Eurozone ETF by 3,439.7% during the first quarter. Jane Street Group LLC now owns 814,123 shares of the company’s stock worth $41,569,000 after acquiring an additional 791,123 shares during the period. Polianta Ltd acquired a new position in iShares MSCI Eurozone ETF during the second quarter worth about $13,548,000. Allspring Global Investments Holdings LLC lifted its holdings in iShares MSCI Eurozone ETF by 19.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,690,306 shares of the company’s stock valued at $88,285,000 after acquiring an additional 273,461 shares during the last quarter. Finally, Citigroup Inc. boosted its position in shares of iShares MSCI Eurozone ETF by 1,005.0% during the 3rd quarter. Citigroup Inc. now owns 222,767 shares of the company’s stock valued at $11,635,000 after purchasing an additional 202,607 shares in the last quarter.

About iShares MSCI Eurozone ETF

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).