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

Shares of iShares Europe ETF (NYSEARCA:IEV) saw unusually-strong trading volume on Friday . Approximately 211,668 shares changed hands during mid-day trading, a decline of 19% from the previous session’s volume of 261,034 shares.The stock last traded at $60.16 and had previously closed at $59.86.

iShares Europe ETF Stock Performance

The company’s fifty day moving average price is $55.56 and its 200-day moving average price is $55.56. The stock has a market cap of $1.81 billion, a P/E ratio of 18.22 and a beta of 0.93.

Institutional Investors Weigh In On iShares Europe ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IEV. RPg Family Wealth Advisory LLC bought a new stake in iShares Europe ETF during the 3rd quarter valued at about $28,000. LGT Financial Advisors LLC lifted its holdings in iShares Europe ETF by 186.0% during the 4th quarter. LGT Financial Advisors LLC now owns 612 shares of the company’s stock valued at $32,000 after buying an additional 398 shares in the last quarter. BOKF NA bought a new stake in iShares Europe ETF during the 4th quarter valued at about $44,000. Harbour Investments Inc. bought a new stake in iShares Europe ETF during the 4th quarter valued at about $47,000. Finally, BTG Pactual Asset Management US LLC bought a new stake in iShares Europe ETF during the 4th quarter valued at about $57,000.

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.