iShares Europe ETF (NYSEARCA:IEV) Reaches New 12-Month Low – What’s Next?

by · The Cerbat Gem

iShares Europe ETF (NYSEARCA:IEV – Get Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as $51.30 and last traded at $51.80, with a volume of 1036537 shares traded. The stock had previously closed at $52.15.

iShares Europe ETF Stock Down 1.0 %

The company’s 50-day moving average is $57.73 and its two-hundred day moving average is $55.65. The company has a market capitalization of $1.88 billion, a P/E ratio of 15.55 and a beta of 0.87.

Institutional Trading of iShares Europe ETF

Hedge funds have recently made changes to their positions in the stock. MetLife Inc lifted its position in iShares Europe ETF by 2.2% in the 4th quarter. MetLife Inc now owns 8,924 shares of the company’s stock worth $465,000 after buying an additional 190 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of iShares Europe ETF by 7.6% in the 4th quarter. Bank of Montreal Can now owns 2,874 shares of the company’s stock worth $150,000 after acquiring an additional 204 shares during the last quarter. Twin Focus Capital Partners LLC boosted its stake in shares of iShares Europe ETF by 0.7% in the 4th quarter. Twin Focus Capital Partners LLC now owns 28,112 shares of the company’s stock valued at $1,464,000 after purchasing an additional 206 shares in the last quarter. Truist Financial Corp grew its holdings in shares of iShares Europe ETF by 5.7% during the 4th quarter. Truist Financial Corp now owns 4,607 shares of the company’s stock valued at $240,000 after purchasing an additional 250 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of iShares Europe ETF by 4.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 6,519 shares of the company’s stock valued at $339,000 after purchasing an additional 294 shares during the last quarter.

iShares Europe ETF Company Profile

(Get Free Report)

iShares Europe ETF (the Fund), formerly iShares S&P Europe 350 Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Europe 350 (the Index). The Index measures the performance of the stocks of companies in the countries, which includes Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom.

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