iShares Europe ETF (NYSEARCA:IEV) Hits New 12-Month High – What’s Next?

Shares of iShares Europe ETF (NYSEARCA:IEV) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $70.58 and last traded at $70.61, with a volume of 38419 shares changing hands. The stock had previously closed at $70.27.

iShares Europe ETF Price Performance

The stock has a fifty day moving average of $67.46 and a 200 day moving average of $65.53. The firm has a market capitalization of $1.69 billion, a P/E ratio of 16.48 and a beta of 0.91.

Institutional Trading of iShares Europe ETF

A number of large investors have recently added to or reduced their stakes in IEV. Aberdeen Wealth Management LLC purchased a new position in iShares Europe ETF in the second quarter valued at about $25,000. Heartwood Wealth Advisors LLC purchased a new position in iShares Europe ETF in the third quarter valued at approximately $29,000. Qube Research & Technologies Ltd lifted its stake in iShares Europe ETF by 434.9% in the third quarter. Qube Research & Technologies Ltd now owns 444 shares of the company’s stock valued at $29,000 after purchasing an additional 361 shares during the last quarter. American National Bank & Trust bought a new position in iShares Europe ETF during the third quarter valued at $32,000. Finally, Allworth Financial LP increased its position in iShares Europe ETF by 51.8% in the third quarter. Allworth Financial LP now owns 560 shares of the company’s stock worth $37,000 after buying an additional 191 shares during the last quarter.

About iShares Europe ETF

iShares Europe ETF (the Fund), formerly iShares S&P Europe 350 Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Europe 350 (the Index). The Index measures the performance of the stocks of companies in the countries, which includes Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom.