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

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

iShares MSCI Eurozone ETF Stock Performance

The company has a 50 day moving average of $47.91 and a 200 day moving average of $49.27. The stock has a market capitalization of $7.71 billion, a price-to-earnings ratio of 15.73 and a beta of 0.94.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Sound Income Strategies LLC acquired a new position in iShares MSCI Eurozone ETF in the 3rd quarter valued at $42,000. Blue Trust Inc. increased its stake in shares of iShares MSCI Eurozone ETF by 59.0% in the 3rd quarter. Blue Trust Inc. now owns 1,035 shares of the company’s stock worth $51,000 after acquiring an additional 384 shares during the last quarter. Global Wealth Strategies & Associates increased its stake in shares of iShares MSCI Eurozone ETF by 628.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 1,092 shares of the company’s stock worth $57,000 after acquiring an additional 942 shares during the last quarter. Bangor Savings Bank acquired a new stake in shares of iShares MSCI Eurozone ETF in the 4th quarter worth $74,000. Finally, Eastern Bank acquired a new stake in shares of iShares MSCI Eurozone ETF in the 3rd quarter worth $109,000.

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).