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

iShares MSCI Eurozone ETF (BATS:EZU) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $48.42 and last traded at $53.91, with a volume of 907463 shares traded. The stock had previously closed at $47.70.

iShares MSCI Eurozone ETF Price Performance

The firm has a market capitalization of $8.34 billion, a PE ratio of 16.52 and a beta of 1.06. The firm has a fifty day moving average price of $50.21 and a 200 day moving average price of $49.83.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EZU. Tucker Asset Management LLC acquired a new position in iShares MSCI Eurozone ETF in the 4th quarter worth approximately $25,000. Huntington National Bank boosted its position in shares of iShares MSCI Eurozone ETF by 128.9% in the fourth quarter. Huntington National Bank now owns 531 shares of the company’s stock worth $25,000 after buying an additional 299 shares during the period. Aptus Capital Advisors LLC purchased a new position in shares of iShares MSCI Eurozone ETF during the fourth quarter valued at $41,000. Blue Trust Inc. grew its holdings in shares of iShares MSCI Eurozone ETF by 32.6% during the fourth quarter. Blue Trust Inc. now owns 1,372 shares of the company’s stock valued at $65,000 after buying an additional 337 shares in the last quarter. Finally, Bangor Savings Bank acquired a new position in iShares MSCI Eurozone ETF during the fourth quarter valued at $74,000.

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).