iShares Europe ETF (NYSEARCA:IEV) Sees Large Volume Increase – What’s Next?

iShares Europe ETF (NYSEARCA:IEV) saw unusually-strong trading volume on Monday . Approximately 299,913 shares were traded during mid-day trading, a decline of 5% from the previous session’s volume of 314,958 shares.The stock last traded at $63.12 and had previously closed at $62.33.

iShares Europe ETF Stock Performance

The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 17.18 and a beta of 0.90. The business has a fifty day simple moving average of $60.79 and a 200 day simple moving average of $57.52.

Institutional Trading of iShares Europe ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IEV. Raymond James Financial Inc. bought a new stake in shares of iShares Europe ETF in the 4th quarter valued at approximately $1,072,000. Commonwealth Equity Services LLC increased its holdings in shares of iShares Europe ETF by 9.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 11,608 shares of the company’s stock valued at $604,000 after buying an additional 970 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of iShares Europe ETF by 50.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,159 shares of the company’s stock valued at $112,000 after acquiring an additional 723 shares during the period. Truist Financial Corp raised its stake in iShares Europe ETF by 5.7% during the 4th quarter. Truist Financial Corp now owns 4,607 shares of the company’s stock valued at $240,000 after purchasing an additional 250 shares during the period. Finally, EFG Asset Management Americas Corp. lifted its stake in iShares Europe ETF by 14.7% in the 4th quarter. EFG Asset Management Americas Corp. now owns 22,281 shares of the company’s stock worth $1,160,000 after acquiring an additional 2,863 shares in the last quarter.

About iShares Europe ETF

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.