iShares MSCI Europe Small-Cap ETF (NASDAQ:IEUS) Trading Up 0.7% – Should You Buy?

iShares MSCI Europe Small-Cap ETF (NASDAQ:IEUS)’s stock price were up 0.7% during trading on Tuesday . The company traded as high as $57.16 and last traded at $57.15. Approximately 2,683 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 6,985 shares. The stock had previously closed at $56.75.

iShares MSCI Europe Small-Cap ETF Price Performance

The stock has a 50 day moving average of $58.78 and a two-hundred day moving average of $58.18. The stock has a market capitalization of $97.16 million, a PE ratio of 13.28 and a beta of 1.15.

Hedge Funds Weigh In On iShares MSCI Europe Small-Cap ETF

Hedge funds have recently bought and sold shares of the company. Pictet North America Advisors SA purchased a new position in iShares MSCI Europe Small-Cap ETF during the 2nd quarter valued at about $1,186,000. Atlas Capital Advisors LLC grew its position in shares of iShares MSCI Europe Small-Cap ETF by 15.5% in the second quarter. Atlas Capital Advisors LLC now owns 13,431 shares of the company’s stock valued at $751,000 after purchasing an additional 1,803 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new position in shares of iShares MSCI Europe Small-Cap ETF during the 2nd quarter worth approximately $316,000. Finally, Citizens Financial Group Inc. RI raised its position in shares of iShares MSCI Europe Small-Cap ETF by 15.4% during the 1st quarter. Citizens Financial Group Inc. RI now owns 5,269 shares of the company’s stock worth $298,000 after purchasing an additional 704 shares during the last quarter.

About iShares MSCI Europe Small-Cap ETF

The iShares MSCI Europe Small-Cap ETF (IEUS) is an exchange-traded fund that is based on the MSCI Europe Small Cap index, a market-cap-weighted index of companies in developed countries of Europe. IEUS was launched on Nov 12, 2007 and is managed by BlackRock.