iShares MSCI Eurozone ETF (BATS:EZU) Reaches New 52-Week High – Time to Buy?

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

iShares MSCI Eurozone ETF Trading Up 14.0 %

The stock has a market cap of $8.17 billion, a P/E ratio of 16.52 and a beta of 1.06. The firm has a 50-day simple moving average of $50.68 and a two-hundred day simple moving average of $49.94.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in EZU. Garde Capital Inc. lifted its position in iShares MSCI Eurozone ETF by 2.6% during the fourth quarter. Garde Capital Inc. now owns 24,453 shares of the company’s stock worth $1,154,000 after purchasing an additional 612 shares during the period. Toronto Dominion Bank bought a new position in iShares MSCI Eurozone ETF during the 4th quarter worth approximately $941,000. GTS Securities LLC grew its holdings in iShares MSCI Eurozone ETF by 192.9% during the 4th quarter. GTS Securities LLC now owns 18,886 shares of the company’s stock worth $891,000 after acquiring an additional 12,437 shares during the period. Orion Capital Management LLC bought a new position in shares of iShares MSCI Eurozone ETF during the 4th quarter worth approximately $78,000. Finally, Vivaldi Capital Management LP boosted its stake in iShares MSCI Eurozone ETF by 73.5% during the fourth quarter. Vivaldi Capital Management LP now owns 21,596 shares of the company’s stock worth $1,094,000 after acquiring an additional 9,151 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).