iShares Europe ETF (NYSEARCA:IEV) Reaches New 52-Week High – Here’s What Happened

iShares Europe ETF (NYSEARCA:IEV) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $69.43 and last traded at $69.3390, with a volume of 392962 shares changing hands. The stock had previously closed at $68.60.

iShares Europe ETF Price Performance

The stock has a 50-day moving average price of $67.12 and a 200 day moving average price of $65.24. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 16.48 and a beta of 0.91.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of IEV. Flow Traders U.S. LLC bought a new stake in iShares Europe ETF in the 2nd quarter valued at approximately $59,097,000. Barings LLC grew its position in shares of iShares Europe ETF by 6.0% in the 2nd quarter. Barings LLC now owns 723,437 shares of the company’s stock valued at $45,757,000 after acquiring an additional 41,244 shares during the period. Bank of America Corp DE grew its holdings in iShares Europe ETF by 4.6% in the 3rd quarter. Bank of America Corp DE now owns 472,737 shares of the company’s stock valued at $30,955,000 after buying an additional 20,869 shares in the last quarter. Checchi Capital Advisers LLC lifted its holdings in shares of iShares Europe ETF by 30.6% during the second quarter. Checchi Capital Advisers LLC now owns 401,731 shares of the company’s stock worth $25,409,000 after buying an additional 94,166 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in shares of iShares Europe ETF by 121.3% in the second quarter. Jane Street Group LLC now owns 358,224 shares of the company’s stock valued at $22,658,000 after acquiring an additional 196,368 shares during the period.

iShares Europe ETF Company Profile

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.