iShares MSCI Eurozone ETF (BATS:EZU) Reaches New 52-Week High at $50.67

iShares MSCI Eurozone ETF (BATS:EZU) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $50.67 and last traded at $50.82, with a volume of 545544 shares. The stock had previously closed at $50.52.

iShares MSCI Eurozone ETF Price Performance

The company has a market cap of $7.77 billion, a price-to-earnings ratio of 15.73 and a beta of 0.94. The business’s 50-day simple moving average is $49.68 and its 200-day simple moving average is $50.18.

Hedge Funds Weigh In On iShares MSCI Eurozone ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its position in shares of 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 valued at $1,864,752,000 after buying an additional 1,675,952 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of iShares MSCI Eurozone ETF by 1,302.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,615,802 shares of the company’s stock valued at $76,654,000 after buying an additional 1,500,630 shares during the last quarter. Jane Street Group LLC raised its position in shares of iShares MSCI Eurozone ETF by 3,439.7% in the first quarter. Jane Street Group LLC now owns 814,123 shares of the company’s stock valued at $41,569,000 after buying an additional 791,123 shares during the last quarter. Polianta Ltd acquired a new position in shares of iShares MSCI Eurozone ETF in the second quarter valued at approximately $13,548,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of iShares MSCI Eurozone ETF in the first quarter valued at approximately $10,095,000.

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).