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

iShares MSCI Eurozone ETF (BATS:EZU)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $48.42 and last traded at $51.03, with a volume of 907463 shares traded. The stock had previously closed at $47.70.

iShares MSCI Eurozone ETF Stock Up 8.3 %

The firm has a market cap of $7.89 billion, a PE ratio of 15.73 and a beta of 0.94. The company has a 50-day simple moving average of $48.75 and a two-hundred day simple moving average of $49.33.

Hedge Funds Weigh In On iShares MSCI Eurozone ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Alpha Financial Partners LLC purchased a new stake in iShares MSCI Eurozone ETF during the third quarter worth about $277,000. Sound Income Strategies LLC purchased a new position in iShares MSCI Eurozone ETF in the third quarter valued at about $42,000. Nottingham Advisors Inc. grew its position in shares of iShares MSCI Eurozone ETF by 12.6% during the 3rd quarter. Nottingham Advisors Inc. now owns 105,997 shares of the company’s stock valued at $5,536,000 after acquiring an additional 11,848 shares during the period. Blue Trust Inc. increased its stake in shares of iShares MSCI Eurozone ETF by 59.0% during the 3rd quarter. Blue Trust Inc. now owns 1,035 shares of the company’s stock worth $51,000 after purchasing an additional 384 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of 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 worth $88,285,000 after purchasing an additional 273,461 shares during the period.

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).