iShares MSCI Eurozone ETF (BATS:EZU) Sets New 12-Month High – Still a Buy?

iShares MSCI Eurozone ETF (BATS:EZU)’s share price hit a new 52-week high on Monday . The stock traded as high as $49.07 and last traded at $48.70, with a volume of 668297 shares. The stock had previously closed at $48.87.

iShares MSCI Eurozone ETF Trading Down 0.3 %

The firm’s 50-day simple moving average is $49.01 and its 200-day simple moving average is $49.72. The company has a market capitalization of $7.44 billion, a PE ratio of 15.73 and a beta of 0.94.

Institutional Trading of iShares MSCI Eurozone ETF

A number of institutional investors and hedge funds have recently bought and sold shares of EZU. Northwestern Mutual Wealth Management Co. lifted its position in iShares MSCI Eurozone ETF by 4.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 38,191,412 shares of the company’s stock valued at $1,864,752,000 after purchasing an additional 1,675,952 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake 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 valued at $88,285,000 after buying an additional 273,461 shares during the period. Barings LLC increased its stake in shares of iShares MSCI Eurozone ETF by 46.1% during the 2nd quarter. Barings LLC now owns 334,170 shares of the company’s stock worth $16,318,000 after purchasing an additional 105,419 shares during the last quarter. Bank of Montreal Can raised its stake in shares of iShares MSCI Eurozone ETF by 32.6% in the 2nd quarter. Bank of Montreal Can now owns 325,946 shares of the company’s stock valued at $16,949,000 after acquiring an additional 80,062 shares in the last quarter. Finally, National Bank of Canada FI lifted its position in iShares MSCI Eurozone ETF by 106.1% during the 2nd quarter. National Bank of Canada FI now owns 258,847 shares of the company’s stock worth $12,766,000 after acquiring an additional 133,267 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).