iShares MSCI Eurozone ETF (BATS:EZU) Reaches New 52-Week High – Still a Buy?

iShares MSCI Eurozone ETF (BATS:EZU)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $48.42 and last traded at $50.02, with a volume of 907463 shares. The stock had previously closed at $47.70.

iShares MSCI Eurozone ETF Stock Performance

The firm’s fifty day simple moving average is $47.80 and its 200 day simple moving average is $49.27. The stock has a market capitalization of $7.64 billion, a P/E ratio of 15.73 and a beta of 0.94.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in EZU. Sound Income Strategies LLC bought a new stake in iShares MSCI Eurozone ETF during the third quarter worth $42,000. Blue Trust Inc. lifted its position in shares of iShares MSCI Eurozone ETF by 59.0% during the 3rd quarter. Blue Trust Inc. now owns 1,035 shares of the company’s stock worth $51,000 after buying an additional 384 shares during the last quarter. Global Wealth Strategies & Associates boosted its stake in 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 valued at $57,000 after buying an additional 942 shares in the last quarter. Bangor Savings Bank bought a new position in iShares MSCI Eurozone ETF in the fourth quarter valued at about $74,000. Finally, Eastern Bank acquired a new position in iShares MSCI Eurozone ETF during the third quarter worth about $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).