Barings LLC has reduced its holdings in the iShares MSCI Eurozone ETF (BATS:EZU) by 8.6% during the second quarter of 2024, according to a recent filing with the Securities and Exchange Commission (SEC). The investment firm now owns 177,170 shares after selling 16,676 shares during the quarter, representing approximately 0.13% of the ETF, valued at $10,533,000 as of the end of the quarter.
Several institutional investors have also made significant adjustments to their positions in the iShares MSCI Eurozone ETF. CWM LLC increased its stake by 49.1%, acquiring 516 shares worth $31,000 after purchasing an additional 170 shares. Similarly, Grove Bank & Trust acquired a new stake in the ETF valued at about $36,000 during the same period.
LGT Financial Advisors LLC expanded its holdings by 109.0%, now owning 721 shares worth $43,000 after adding 376 shares. AE Wealth Management LLC made an even more substantial increase, raising its position by 183.9% to own 1,567 shares, valued at $93,000, following the acquisition of 1,015 shares.
In a notable surge, Allworth Financial LP increased its position by an extraordinary 1,562.3%, bringing its total to 2,560 shares valued at $152,000 after acquiring an additional 2,406 shares in the quarter.
Current Trading Performance of iShares MSCI Eurozone ETF
The iShares MSCI Eurozone ETF has recently experienced a notable uptick, trading at $60.79 as of Friday. The ETF recorded a 12-month low of $46.02 and a 12-month high of $61.45. Its 50-day moving average stands at $61.98, while the 200-day moving average is at $60.19. The ETF currently boasts a market capitalization of $8.30 billion, a price-to-earnings ratio of 16.35, and a beta of 1.01, indicating its volatility relative to the market.
The iShares MSCI Eurozone ETF aims to provide investment results that generally correspond to the price and yield performance of publicly traded securities within the European Monetary Union (EMU) markets, as benchmarked by the MSCI EMU Index.
For investors interested in the current dynamics of institutional holdings in the iShares MSCI Eurozone ETF, further details can be found through platforms that track hedge fund activities and insider trades.
