iShares MSCI Eurozone ETF (BATS:EZU) Reaches New 52-Week High – Here’s What Happened

iShares MSCI Eurozone ETF (BATS:EZU) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $68.58 and last traded at $68.3740, with a volume of 233512 shares. The stock had previously closed at $67.81.

iShares MSCI Eurozone ETF Price Performance

The stock has a market capitalization of $9.37 billion, a price-to-earnings ratio of 16.35 and a beta of 1.01. The business has a fifty day moving average of $65.99 and a 200 day moving average of $63.12.

Institutional Trading of iShares MSCI Eurozone ETF

Several hedge funds have recently modified their holdings of EZU. Addison Advisors LLC purchased a new position in shares of iShares MSCI Eurozone ETF during the second quarter valued at approximately $203,000. Bank of Nova Scotia lifted its stake in shares of iShares MSCI Eurozone ETF by 5,491.5% during the 2nd quarter. Bank of Nova Scotia now owns 479,531 shares of the company’s stock worth $28,508,000 after purchasing an additional 470,955 shares during the period. Baker Avenue Asset Management LP acquired a new stake in shares of iShares MSCI Eurozone ETF during the second quarter worth $4,314,000. ABC Arbitrage SA purchased a new stake in shares of iShares MSCI Eurozone ETF in the second quarter valued at $2,176,000. Finally, Allworth Financial LP grew its position in shares of iShares MSCI Eurozone ETF by 1,562.3% in the second quarter. Allworth Financial LP now owns 2,560 shares of the company’s stock valued at $152,000 after purchasing an additional 2,406 shares during the period.

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). The Index seeks to measure the performance of the equity markets of the EMU member countries: those members of the European Union who have adopted the Euro as its currency.