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

iShares MSCI Eurozone ETF (BATS:EZU) reached a new 52-week high during trading on Tuesday . The company traded as high as $69.49 and last traded at $69.22, with a volume of 117808 shares. The stock had previously closed at $68.08.

iShares MSCI Eurozone ETF Stock Performance

The stock has a 50 day moving average of $66.94 and a 200-day moving average of $65.60. The firm has a market capitalization of $9.21 billion, a P/E ratio of 16.35 and a beta of 1.01.

Institutional Investors Weigh In On iShares MSCI Eurozone ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allianz SE grew its holdings in iShares MSCI Eurozone ETF by 1.7% during the 3rd quarter. Allianz SE now owns 956,487 shares of the company’s stock valued at $59,245,000 after buying an additional 16,161 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in iShares MSCI Eurozone ETF by 27.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,719,562 shares of the company’s stock valued at $174,324,000 after buying an additional 593,564 shares in the last quarter. Ascent Group LLC purchased a new position in iShares MSCI Eurozone ETF during the 4th quarter valued at about $5,772,000. PNC Financial Services Group Inc. grew its holdings in iShares MSCI Eurozone ETF by 19.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 104,598 shares of the company’s stock valued at $6,479,000 after buying an additional 16,684 shares in the last quarter. Finally, Park Avenue Securities LLC purchased a new position in iShares MSCI Eurozone ETF during the 4th quarter valued at about $4,133,000.

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). The Index seeks to measure the performance of the equity markets of the EMU member countries: those members of the European Union who have adopted the Euro as its currency.