iShares Core MSCI Europe ETF (NYSEARCA:IEUR) Sees Strong Trading Volume – Should You Buy?

iShares Core MSCI Europe ETF (NYSEARCA:IEUR) shares saw unusually-strong trading volume on Wednesday . Approximately 3,624,077 shares were traded during mid-day trading, an increase of 358% from the previous session’s volume of 790,807 shares.The stock last traded at $62.34 and had previously closed at $62.68.

iShares Core MSCI Europe ETF Stock Up 0.1 %

The company’s fifty day moving average is $58.49 and its 200 day moving average is $57.81. The firm has a market cap of $4.90 billion, a price-to-earnings ratio of 17.88 and a beta of 0.97.

Hedge Funds Weigh In On iShares Core MSCI Europe ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IEUR. Raymond James Financial Inc. bought a new position in iShares Core MSCI Europe ETF during the 4th quarter worth $47,919,000. Jane Street Group LLC raised its stake in iShares Core MSCI Europe ETF by 22,734.9% in the 4th quarter. Jane Street Group LLC now owns 764,742 shares of the company’s stock worth $41,281,000 after purchasing an additional 761,393 shares in the last quarter. MML Investors Services LLC boosted its holdings in iShares Core MSCI Europe ETF by 261.2% in the 3rd quarter. MML Investors Services LLC now owns 560,765 shares of the company’s stock valued at $34,167,000 after purchasing an additional 405,527 shares during the period. Korea Investment CORP bought a new stake in iShares Core MSCI Europe ETF in the 4th quarter valued at about $19,169,000. Finally, LPL Financial LLC grew its position in shares of iShares Core MSCI Europe ETF by 64.0% during the 4th quarter. LPL Financial LLC now owns 636,225 shares of the company’s stock worth $34,343,000 after purchasing an additional 248,211 shares in the last quarter.

About iShares Core MSCI Europe ETF

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.