iShares Europe ETF (NYSEARCA:IEV) Sees Strong Trading Volume – Should You Buy?

iShares Europe ETF (NYSEARCA:IEV) saw an uptick in trading volume on Monday . 281,095 shares were traded during mid-day trading, a decline of 24% from the previous session’s volume of 368,370 shares.The stock last traded at $60.15 and had previously closed at $59.80.

iShares Europe ETF Stock Performance

The stock’s 50-day simple moving average is $56.27 and its 200 day simple moving average is $55.60. The company has a market capitalization of $1.79 billion, a PE ratio of 18.22 and a beta of 0.93.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of IEV. RPg Family Wealth Advisory LLC purchased a new position in shares of iShares Europe ETF in the 3rd quarter valued at $28,000. LGT Financial Advisors LLC grew its position in shares of iShares Europe ETF by 186.0% in the 4th quarter. LGT Financial Advisors LLC now owns 612 shares of the company’s stock valued at $32,000 after buying an additional 398 shares during the last quarter. BOKF NA purchased a new position in shares of iShares Europe ETF in the 4th quarter valued at $44,000. Harbour Investments Inc. purchased a new position in shares of iShares Europe ETF in the 4th quarter valued at $47,000. Finally, BTG Pactual Asset Management US LLC purchased a new position in shares of iShares Europe ETF in the 4th quarter valued at $57,000.

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.