iShares MSCI Eurozone ETF (BATS:EZU) Sets New 1-Year High – Here’s Why

iShares MSCI Eurozone ETF (BATS:EZU) reached a new 52-week high during trading on Monday . The company traded as high as $47.65 and last traded at $47.37, with a volume of 1665932 shares. The stock had previously closed at $47.04.

iShares MSCI Eurozone ETF Price Performance

The firm’s 50-day moving average price is $49.95 and its 200-day moving average price is $50.12. The stock has a market cap of $7.24 billion, a P/E ratio of 15.73 and a beta of 0.94.

Institutional Trading of iShares MSCI Eurozone ETF

Several hedge funds have recently bought and sold shares of EZU. Sound Income Strategies LLC purchased a new stake in iShares MSCI Eurozone ETF during the third quarter valued at $42,000. Blue Trust Inc. grew its holdings in iShares MSCI Eurozone ETF by 59.0% during the 3rd quarter. Blue Trust Inc. now owns 1,035 shares of the company’s stock valued at $51,000 after purchasing an additional 384 shares during the last quarter. Global Wealth Strategies & Associates grew its stake in shares of iShares MSCI Eurozone ETF by 628.0% during 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 during the last quarter. Innealta Capital LLC bought a new position in iShares MSCI Eurozone ETF in the 2nd quarter valued at $60,000. Finally, Eastern Bank purchased a new stake in shares of iShares MSCI Eurozone ETF in the third quarter valued at approximately $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).