iShares Europe ETF (NYSEARCA:IEV) Sees Unusually-High Trading Volume – What’s Next?

iShares Europe ETF (NYSEARCA:IEV) shares saw unusually-high trading volume on Friday . Approximately 265,005 shares changed hands during mid-day trading, an increase of 9% from the previous session’s volume of 244,109 shares.The stock last traded at $57.86 and had previously closed at $57.58.

iShares Europe ETF Trading Up 0.4 %

The firm has a market capitalization of $1.76 billion, a P/E ratio of 16.09 and a beta of 0.83. The company has a 50 day moving average of $53.99 and a 200-day moving average of $55.19.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its position in iShares Europe ETF by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 1,698,388 shares of the company’s stock valued at $98,965,000 after acquiring an additional 182,168 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of iShares Europe ETF by 11.3% in the 4th quarter. Jane Street Group LLC now owns 452,238 shares of the company’s stock valued at $23,544,000 after purchasing an additional 46,067 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of iShares Europe ETF by 305.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 228,039 shares of the company’s stock valued at $11,872,000 after purchasing an additional 171,836 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in iShares Europe ETF by 15.7% in the 4th quarter. Integrated Wealth Concepts LLC now owns 173,062 shares of the company’s stock valued at $9,010,000 after purchasing an additional 23,436 shares during the last quarter. Finally, OneDigital Investment Advisors LLC boosted its position in iShares Europe ETF by 8.8% in the third quarter. OneDigital Investment Advisors LLC now owns 159,621 shares of the company’s stock valued at $9,301,000 after buying an additional 12,957 shares in the last quarter.

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.