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

iShares MSCI Eurozone ETF (BATS:EZU) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $48.42 and last traded at $48.76, with a volume of 907463 shares traded. The stock had previously closed at $47.70.

iShares MSCI Eurozone ETF Trading Up 2.1 %

The firm has a market cap of $7.44 billion, a price-to-earnings ratio of 15.73 and a beta of 0.94. The firm’s 50-day moving average is $47.79 and its 200-day moving average is $49.28.

Institutional Trading of iShares MSCI Eurozone ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its holdings in iShares MSCI Eurozone ETF by 5.0% during the second quarter. Bank of New York Mellon Corp now owns 20,090 shares of the company’s stock worth $981,000 after buying an additional 959 shares in the last quarter. Choreo LLC bought a new stake in iShares MSCI Eurozone ETF during the second quarter worth $223,000. Edgestream Partners L.P. purchased a new position in iShares MSCI Eurozone ETF in the second quarter worth $232,000. Hsbc Holdings PLC grew its stake in iShares MSCI Eurozone ETF by 102.8% in the 2nd quarter. Hsbc Holdings PLC now owns 79,532 shares of the company’s stock valued at $3,883,000 after purchasing an additional 40,311 shares during the period. Finally, Bulltick Wealth Management LLC increased its position in shares of iShares MSCI Eurozone ETF by 1,494.4% during the 2nd quarter. Bulltick Wealth Management LLC now owns 65,147 shares of the company’s stock valued at $3,181,000 after purchasing an additional 61,061 shares during the last quarter.

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).