iShares Europe ETF (NYSEARCA:IEV) Sees Large Volume Increase

iShares Europe ETF (NYSEARCA:IEV) saw an uptick in trading volume on Thursday . 164,802 shares were traded during trading, a decline of 43% from the previous session’s volume of 290,505 shares.The stock last traded at $57.87 and had previously closed at $57.09.

iShares Europe ETF Stock Down 1.4 %

The company has a 50-day moving average price of $56.20 and a two-hundred day moving average price of $55.88. The stock has a market capitalization of $1.75 billion, a P/E ratio of 16.09 and a beta of 0.83.

Institutional Trading of iShares Europe ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Checchi Capital Advisers LLC increased its stake in iShares Europe ETF by 422.4% in the 1st quarter. Checchi Capital Advisers LLC now owns 311,557 shares of the company’s stock worth $17,344,000 after acquiring an additional 251,914 shares during the last quarter. Connectus Wealth LLC bought a new position in shares of iShares Europe ETF in the fourth quarter worth approximately $9,252,000. Sanctuary Advisors LLC purchased a new stake in iShares Europe ETF in the second quarter valued at approximately $5,797,000. FPC Investment Advisory Inc. purchased a new stake in iShares Europe ETF in the first quarter valued at approximately $5,688,000. Finally, Barings LLC bought a new stake in iShares Europe ETF during the first quarter valued at approximately $4,920,000.

iShares Europe ETF Company Profile

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.