iShares MSCI Eurozone ETF (BATS:EZU) Sets New 1-Year High – Should You Buy?

iShares MSCI Eurozone ETF (BATS:EZU)’s share price reached a new 52-week high on Thursday . The stock traded as high as $48.42 and last traded at $48.76, with a volume of 907463 shares changing hands. The stock had previously closed at $47.70.

iShares MSCI Eurozone ETF Stock Up 2.8 %

The business has a 50-day simple moving average of $47.79 and a 200-day simple moving average of $49.28. The company has a market cap of $7.49 billion, a PE ratio of 15.73 and a beta of 0.94.

Hedge Funds Weigh In On iShares MSCI Eurozone ETF

Institutional investors have recently bought and sold shares of the company. Sound Income Strategies LLC acquired a new position in shares of iShares MSCI Eurozone ETF in the third quarter valued at approximately $42,000. Blue Trust Inc. boosted its position in iShares MSCI Eurozone ETF by 59.0% in the 3rd quarter. Blue Trust Inc. now owns 1,035 shares of the company’s stock valued at $51,000 after buying an additional 384 shares during the period. Global Wealth Strategies & Associates grew its stake in shares of iShares MSCI Eurozone ETF by 628.0% in the third quarter. Global Wealth Strategies & Associates now owns 1,092 shares of the company’s stock worth $57,000 after acquiring an additional 942 shares in the last quarter. Bangor Savings Bank purchased a new stake in shares of iShares MSCI Eurozone ETF during the fourth quarter worth $74,000. Finally, Eastern Bank purchased a new stake in shares of iShares MSCI Eurozone ETF during the third quarter worth $109,000.

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).