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

Shares of 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 $49.36, with a volume of 907463 shares trading hands. The stock had previously closed at $47.70.

iShares MSCI Eurozone ETF Stock Performance

The company has a market capitalization of $7.58 billion, a PE ratio of 15.73 and a beta of 0.94. The stock’s 50 day moving average is $48.37 and its 200 day moving average is $49.28.

Institutional Investors Weigh In On iShares MSCI Eurozone ETF

Several institutional investors and hedge funds have recently modified their holdings of EZU. Creative Planning boosted its holdings in shares of iShares MSCI Eurozone ETF by 117.9% in the second quarter. Creative Planning now owns 14,827 shares of the company’s stock worth $724,000 after buying an additional 8,022 shares during the last quarter. Cetera Investment Advisers lifted its holdings in iShares MSCI Eurozone ETF by 22.0% during the second quarter. Cetera Investment Advisers now owns 44,752 shares of the company’s stock valued at $2,185,000 after purchasing an additional 8,066 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of iShares MSCI Eurozone ETF by 148.6% in the third quarter. SG Americas Securities LLC now owns 95,288 shares of the company’s stock worth $4,977,000 after purchasing an additional 56,951 shares during the period. Alpha Financial Partners LLC bought a new position in shares of iShares MSCI Eurozone ETF in the third quarter worth approximately $277,000. Finally, Cardinal Point Capital Management ULC bought a new position in shares of iShares MSCI Eurozone ETF in the third quarter worth approximately $215,000.

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).