iShares Europe ETF (NYSEARCA:IEV) Sees Unusually-High Trading Volume – Should You Buy?

iShares Europe ETF (NYSEARCA:IEV) shares saw unusually-strong trading volume on Monday . Approximately 281,095 shares traded hands during trading, a decline of 24% from the previous session’s volume of 368,370 shares.The stock last traded at $60.15 and had previously closed at $59.80.

iShares Europe ETF Stock Up 0.4 %

The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 18.22 and a beta of 0.93. The business has a 50 day moving average of $56.58 and a 200 day moving average of $55.63.

Hedge Funds Weigh In On iShares Europe ETF

A number of large investors have recently modified their holdings of the company. CIBC Asset Management Inc raised its holdings in iShares Europe ETF by 477.6% in the third quarter. CIBC Asset Management Inc now owns 43,068 shares of the company’s stock valued at $2,510,000 after acquiring an additional 35,612 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in iShares Europe ETF in the 3rd quarter valued at approximately $432,000. CFS Investment Advisory Services LLC acquired a new position in iShares Europe ETF during the 3rd quarter valued at about $336,000. Meridian Wealth Management LLC bought a new stake in iShares Europe ETF during the third quarter worth approximately $1,339,000. Finally, Nwam LLC bought a new stake in shares of iShares Europe ETF in the 3rd quarter worth $470,000.

About iShares Europe ETF

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.