iShares Europe ETF (NYSEARCA:IEV) Hits New 12-Month High – Still a Buy?

iShares Europe ETF (NYSEARCA:IEV) reached a new 52-week high during trading on Tuesday . The stock traded as high as $76.21 and last traded at $76.19, with a volume of 4041 shares trading hands. The stock had previously closed at $75.91.

iShares Europe ETF Trading Up 0.3%

The company has a fifty day simple moving average of $73.59 and a two-hundred day simple moving average of $72.05. The company has a market cap of $1.71 billion, a PE ratio of 16.48 and a beta of 0.81.

Institutional Trading of iShares Europe ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of IEV. Comerica Bank increased its holdings in shares of iShares Europe ETF by 3.0% in the 4th quarter. Comerica Bank now owns 4,871 shares of the company’s stock valued at $334,000 after acquiring an additional 142 shares during the last quarter. Aptus Capital Advisors LLC boosted its stake in iShares Europe ETF by 0.3% during the 4th quarter. Aptus Capital Advisors LLC now owns 58,080 shares of the company’s stock worth $3,984,000 after purchasing an additional 156 shares during the period. Bank of Montreal Can grew its holdings in shares of iShares Europe ETF by 5.3% during the fourth quarter. Bank of Montreal Can now owns 3,299 shares of the company’s stock worth $226,000 after buying an additional 165 shares during the last quarter. Meridian Wealth Management LLC increased its holdings in shares of iShares Europe ETF by 0.7% in the fourth quarter. Meridian Wealth Management LLC now owns 28,174 shares of the company’s stock valued at $1,933,000 after purchasing an additional 185 shares during the period. Finally, Westhampton Capital LLC boosted its holdings in shares of iShares Europe ETF by 1.5% in the fourth quarter. Westhampton Capital LLC now owns 12,388 shares of the company’s stock valued at $850,000 after acquiring an additional 185 shares in the last quarter.

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.