iShares Core MSCI Europe ETF (NYSEARCA:IEUR) Sees Strong Trading Volume – Here’s Why

iShares Core MSCI Europe ETF (NYSEARCA:IEUR) shares saw an uptick in trading volume on Wednesday . 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 firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of 17.88 and a beta of 0.97. The firm has a 50 day moving average of $58.49 and a two-hundred day moving average of $57.81.

Hedge Funds Weigh In On iShares Core MSCI Europe ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Avior Wealth Management LLC raised its position in shares of iShares Core MSCI Europe ETF by 73.5% in the 4th quarter. Avior Wealth Management LLC now owns 748 shares of the company’s stock worth $40,000 after acquiring an additional 317 shares in the last quarter. BTG Pactual Asset Management US LLC purchased a new stake in iShares Core MSCI Europe ETF in the 4th quarter valued at $42,000. Halbert Hargrove Global Advisors LLC purchased a new position in iShares Core MSCI Europe ETF during the fourth quarter worth about $49,000. Finley Financial LLC purchased a new position in shares of iShares Core MSCI Europe ETF in the 4th quarter worth approximately $55,000. Finally, Quent Capital LLC bought a new stake in iShares Core MSCI Europe ETF during the fourth quarter worth $58,000.

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.