iShares Core MSCI Europe ETF (NYSEARCA:IEUR) Sees Strong Trading Volume – Here’s Why

iShares Core MSCI Europe ETF (NYSEARCA:IEUR) saw an uptick in trading volume on Wednesday . 2,084,254 shares were traded during trading, an increase of 171% from the previous session’s volume of 768,878 shares.The stock last traded at $57.02 and had previously closed at $56.74.

iShares Core MSCI Europe ETF Price Performance

The company has a 50-day moving average of $57.46 and a two-hundred day moving average of $58.25. The stock has a market capitalization of $4.77 billion, a PE ratio of 15.22 and a beta of 0.85.

Hedge Funds Weigh In On iShares Core MSCI Europe ETF

Several hedge funds and other institutional investors have recently bought and sold shares of IEUR. ERTS Wealth Advisors LLC acquired a new position in iShares Core MSCI Europe ETF during the 2nd quarter worth approximately $36,830,000. Bank of Montreal Can increased its holdings in iShares Core MSCI Europe ETF by 4,018.4% during the 2nd quarter. Bank of Montreal Can now owns 562,778 shares of the company’s stock worth $32,503,000 after purchasing an additional 549,113 shares during the last quarter. MML Investors Services LLC increased its holdings in iShares Core MSCI Europe ETF by 261.2% during the 3rd quarter. MML Investors Services LLC now owns 560,765 shares of the company’s stock worth $34,167,000 after purchasing an additional 405,527 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in iShares Core MSCI Europe ETF by 22.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,997,229 shares of the company’s stock worth $113,742,000 after purchasing an additional 372,302 shares during the last quarter. Finally, Elm Partners Management LLC increased its holdings in iShares Core MSCI Europe ETF by 30.9% during the 3rd quarter. Elm Partners Management LLC now owns 1,322,765 shares of the company’s stock worth $80,596,000 after purchasing an additional 312,486 shares during the last quarter.

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.