iShares Core MSCI Europe ETF (NYSEARCA:IEUR) Sees Large Volume Increase – Still a Buy?

iShares Core MSCI Europe ETF (NYSEARCA:IEUR) saw strong trading volume on Friday . 1,114,521 shares changed hands during mid-day trading, an increase of 82% from the previous session’s volume of 611,353 shares.The stock last traded at $53.90 and had previously closed at $54.54.

iShares Core MSCI Europe ETF Price Performance

The stock’s fifty day simple moving average is $55.58 and its 200-day simple moving average is $57.63. The firm has a market cap of $4.53 billion, a PE ratio of 15.22 and a beta of 0.85.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. LGT Financial Advisors LLC raised its holdings in shares of iShares Core MSCI Europe ETF by 673.7% in the third quarter. LGT Financial Advisors LLC now owns 441 shares of the company’s stock worth $27,000 after buying an additional 384 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of iShares Core MSCI Europe ETF during the second quarter worth $28,000. Wealthgarden F.S. LLC purchased a new position in shares of iShares Core MSCI Europe ETF during the second quarter worth $235,000. Commerce Bank purchased a new position in shares of iShares Core MSCI Europe ETF during the third quarter worth $241,000. Finally, United Advisor Group LLC purchased a new position in shares of iShares Core MSCI Europe ETF during the third quarter worth $242,000.

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.