iShares Core MSCI Europe ETF (NYSEARCA:IEUR) Sees Unusually-High Trading Volume – Still a Buy?

Shares of iShares Core MSCI Europe ETF (NYSEARCA:IEUR) saw unusually-strong trading volume on Wednesday . Approximately 3,624,077 shares changed hands 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 Price Performance

The firm has a market cap of $4.80 billion, a P/E ratio of 17.88 and a beta of 0.97. The firm has a fifty day simple moving average of $58.81 and a 200-day simple moving average of $57.87.

Institutional Trading of iShares Core MSCI Europe ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Avior Wealth Management LLC increased its position in iShares Core MSCI Europe ETF by 73.5% in the fourth quarter. Avior Wealth Management LLC now owns 748 shares of the company’s stock worth $40,000 after buying an additional 317 shares during the last quarter. BTG Pactual Asset Management US LLC purchased a new stake in iShares Core MSCI Europe ETF in the fourth quarter worth $42,000. Halbert Hargrove Global Advisors LLC purchased a new stake in iShares Core MSCI Europe ETF in the fourth quarter worth $49,000. Finley Financial LLC purchased a new stake in iShares Core MSCI Europe ETF in the fourth quarter worth $55,000. Finally, Quent Capital LLC bought a new position in shares of iShares Core MSCI Europe ETF in the fourth quarter worth $58,000.

iShares Core MSCI Europe ETF Company Profile

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.