iShares MSCI Eurozone ETF (BATS:EZU) Sets New 52-Week High – Still a Buy?

iShares MSCI Eurozone ETF (BATS:EZU) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $48.42 and last traded at $50.02, with a volume of 907463 shares. The stock had previously closed at $47.70.

iShares MSCI Eurozone ETF Stock Performance

The firm has a market capitalization of $7.71 billion, a price-to-earnings ratio of 15.73 and a beta of 0.94. The business has a 50 day simple moving average of $47.91 and a 200-day simple moving average of $49.27.

Institutional Trading of iShares MSCI Eurozone ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. increased its position in shares of iShares MSCI Eurozone ETF by 4.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 38,191,412 shares of the company’s stock worth $1,864,752,000 after purchasing an additional 1,675,952 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of iShares MSCI Eurozone ETF by 19.3% during 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 last quarter. Bank of Montreal Can increased its position in shares of iShares MSCI Eurozone ETF by 32.6% during the 2nd quarter. Bank of Montreal Can now owns 325,946 shares of the company’s stock worth $16,949,000 after purchasing an additional 80,062 shares during the last quarter. Citigroup Inc. increased its position in shares of iShares MSCI Eurozone ETF by 1,005.0% during the 3rd quarter. Citigroup Inc. now owns 222,767 shares of the company’s stock worth $11,635,000 after purchasing an additional 202,607 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its position in shares of iShares MSCI Eurozone ETF by 12.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 142,032 shares of the company’s stock worth $7,418,000 after purchasing an additional 15,614 shares during the last quarter.

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).