iShares Core MSCI Europe ETF (NYSEARCA:IEUR) Sees Large Volume Increase – Still a Buy?

iShares Core MSCI Europe ETF (NYSEARCA:IEUR) shares saw unusually-high trading volume on Wednesday . 2,565,991 shares were traded during trading, an increase of 88% from the previous session’s volume of 1,366,060 shares.The stock last traded at $77.95 and had previously closed at $77.54.

iShares Core MSCI Europe ETF Trading Up 0.4%

The firm’s 50-day simple moving average is $75.79 and its 200 day simple moving average is $74.47. The stock has a market cap of $9.10 billion, a P/E ratio of 16.78 and a beta of 0.84.

Hedge Funds Weigh In On iShares Core MSCI Europe ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. UBS Group AG grew its holdings in iShares Core MSCI Europe ETF by 2.2% during the fourth quarter. UBS Group AG now owns 574,382 shares of the company’s stock worth $40,770,000 after acquiring an additional 12,627 shares during the period. Benjamin Edwards Inc. lifted its holdings in iShares Core MSCI Europe ETF by 17.9% in the 4th quarter. Benjamin Edwards Inc. now owns 534,944 shares of the company’s stock valued at $37,970,000 after acquiring an additional 81,205 shares during the last quarter. Waystone Advisors LLC acquired a new stake in iShares Core MSCI Europe ETF in the 1st quarter valued at about $481,000. Invst LLC boosted its position in shares of iShares Core MSCI Europe ETF by 25.5% during the 4th quarter. Invst LLC now owns 46,353 shares of the company’s stock valued at $3,290,000 after purchasing an additional 9,423 shares in the last quarter. Finally, World Investment Advisors boosted its position in shares of iShares Core MSCI Europe ETF by 300.1% during the 4th quarter. World Investment Advisors now owns 70,457 shares of the company’s stock valued at $5,001,000 after purchasing an additional 52,847 shares in the last quarter.

iShares Core MSCI Europe ETF Company Profile

The iShares Core MSCI Europe ETF (IEUR) is an exchange-traded fund that is based on the MSCI Europe IMI index, a market-cap-weighted index of developed European securities. IEUR was launched on Jun 10, 2014 and is managed by BlackRock.