iShares Europe ETF (NYSEARCA:IEV) Sees Unusually-High Trading Volume – Here’s Why

iShares Europe ETF (NYSEARCA:IEV) saw unusually-high trading volume on Wednesday . Approximately 259,964 shares changed hands during trading, a decline of 2% from the previous session’s volume of 266,291 shares.The stock last traded at $54.30 and had previously closed at $55.67.

iShares Europe ETF Trading Down 2.2 %

The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 16.09 and a beta of 0.83. The company has a fifty day moving average of $56.89 and a 200-day moving average of $56.30.

Institutional Trading of iShares Europe ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Ashton Thomas Private Wealth LLC purchased a new position in iShares Europe ETF in the second quarter valued at $27,000. Rothschild Investment LLC acquired a new stake in iShares Europe ETF in the second quarter valued at approximately $84,000. Mather Group LLC. lifted its stake in iShares Europe ETF by 71.0% in the third quarter. Mather Group LLC. now owns 1,710 shares of the company’s stock worth $100,000 after acquiring an additional 710 shares during the last quarter. Cyndeo Wealth Partners LLC acquired a new position in iShares Europe ETF during the 3rd quarter worth approximately $211,000. Finally, Cetera Advisors LLC purchased a new stake in shares of iShares Europe ETF in the 1st quarter valued at approximately $210,000.

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.