iShares Europe ETF (NYSEARCA:IEV) Sees Large Volume Increase – Here’s Why

iShares Europe ETF (NYSEARCA:IEV) shares saw unusually-strong trading volume on Tuesday . Approximately 219,403 shares changed hands during trading, a decline of 24% from the previous session’s volume of 288,944 shares.The stock last traded at $53.69 and had previously closed at $52.15.

iShares Europe ETF Trading Up 0.6 %

The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 18.17 and a beta of 0.93. The stock’s 50 day moving average price is $57.87 and its 200 day moving average price is $55.75.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. LGT Financial Advisors LLC raised its stake in iShares Europe ETF by 186.0% in the fourth 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 period. BOKF NA bought a new stake in iShares Europe ETF in the 4th quarter valued at $44,000. Harbour Investments Inc. acquired a new stake in iShares Europe ETF during the 4th quarter valued at $47,000. BTG Pactual Asset Management US LLC bought a new position in iShares Europe ETF during the fourth quarter worth $57,000. Finally, WealthShield Partners LLC acquired a new position in shares of iShares Europe ETF in the fourth quarter valued at $58,000.

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.