iShares Core MSCI Europe ETF (NYSEARCA:IEUR) Sees Large Volume Increase

iShares Core MSCI Europe ETF (NYSEARCA:IEUR) shares saw an uptick in trading volume on Wednesday . 3,290,493 shares traded hands during mid-day trading, an increase of 255% from the previous session’s volume of 925,674 shares.The stock last traded at $56.61 and had previously closed at $57.05.

iShares Core MSCI Europe ETF Trading Down 0.5 %

The stock’s 50 day moving average is $56.63 and its two-hundred day moving average is $53.91. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of 15.09 and a beta of 0.85.

Hedge Funds Weigh In On iShares Core MSCI Europe ETF

A number of institutional investors and hedge funds have recently made changes to their positions in IEUR. Financial Gravity Asset Management Inc. increased its position in shares of iShares Core MSCI Europe ETF by 2,357.4% in the third quarter. Financial Gravity Asset Management Inc. now owns 1,147,629 shares of the company’s stock valued at $56,991,000 after buying an additional 1,100,929 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in iShares Core MSCI Europe ETF by 18.5% during the third quarter. Envestnet Asset Management Inc. now owns 2,363,637 shares of the company’s stock worth $117,378,000 after acquiring an additional 369,768 shares during the last quarter. Elm Partners Management LLC lifted its position in iShares Core MSCI Europe ETF by 55.4% during the fourth quarter. Elm Partners Management LLC now owns 1,007,373 shares of the company’s stock worth $55,426,000 after buying an additional 359,198 shares during the period. Truist Financial Corp boosted its stake in iShares Core MSCI Europe ETF by 26.9% in the 4th quarter. Truist Financial Corp now owns 744,516 shares of the company’s stock worth $40,963,000 after buying an additional 157,746 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in iShares Core MSCI Europe ETF by 11.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,560,550 shares of the company’s stock valued at $85,861,000 after buying an additional 157,280 shares during the period.

iShares Core MSCI Europe ETF Company Profile

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.