iShares Europe ETF (NYSEARCA:IEV) Sees Large Volume Increase – Time to Buy?

Shares of iShares Europe ETF (NYSEARCA:IEV) saw unusually-high trading volume on Friday . 435,671 shares changed hands during mid-day trading, an increase of 122% from the previous session’s volume of 196,399 shares.The stock last traded at $72.66 and had previously closed at $72.04.

iShares Europe ETF Stock Performance

The firm has a market cap of $1.63 billion, a P/E ratio of 16.48 and a beta of 0.81. The firm has a fifty day moving average of $72.55 and a 200-day moving average of $71.43.

Institutional Investors Weigh In On iShares Europe ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of iShares Europe ETF by 3,397.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 789,809 shares of the company’s stock valued at $54,181,000 after acquiring an additional 767,229 shares during the period. Checchi Capital Advisers LLC lifted its position in iShares Europe ETF by 377.2% in the 1st quarter. Checchi Capital Advisers LLC now owns 258,074 shares of the company’s stock valued at $17,534,000 after purchasing an additional 203,995 shares during the last quarter. Jane Street Group LLC lifted its position in iShares Europe ETF by 121.3% in the 2nd quarter. Jane Street Group LLC now owns 358,224 shares of the company’s stock valued at $22,658,000 after purchasing an additional 196,368 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in iShares Europe ETF by 1,249.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 130,014 shares of the company’s stock valued at $8,238,000 after purchasing an additional 120,376 shares during the period. Finally, LPL Financial LLC boosted its stake in iShares Europe ETF by 46.8% during the 4th quarter. LPL Financial LLC now owns 242,587 shares of the company’s stock valued at $16,641,000 after purchasing an additional 77,339 shares during the period.

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.