iShares Europe ETF (NYSEARCA:IEV) Sees Unusually-High Trading Volume – Here’s Why

iShares Europe ETF (NYSEARCA:IEV) saw unusually-high trading volume on Wednesday . Approximately 259,964 shares were traded during mid-day trading, a decline of 2% from the previous session’s volume of 266,291 shares.The stock last traded at $54.30 and had previously closed at $55.67.

iShares Europe ETF Price Performance

The company’s fifty day simple moving average is $56.89 and its 200-day simple moving average is $56.30. The firm has a market capitalization of $1.66 billion, a PE ratio of 16.09 and a beta of 0.83.

Institutional Investors Weigh In On iShares Europe ETF

Large investors have recently made changes to their positions in the stock. Canal Capital Management LLC boosted its holdings in iShares Europe ETF by 2.8% in the second quarter. Canal Capital Management LLC now owns 7,024 shares of the company’s stock valued at $385,000 after purchasing an additional 194 shares during the last quarter. Axiom Advisory LLC raised its position in shares of iShares Europe ETF by 3.9% in the third quarter. Axiom Advisory LLC now owns 5,440 shares of the company’s stock worth $305,000 after acquiring an additional 204 shares during the period. Cypress Wealth Services LLC raised its position in shares of iShares Europe ETF by 0.7% in the second quarter. Cypress Wealth Services LLC now owns 30,457 shares of the company’s stock worth $1,668,000 after acquiring an additional 205 shares during the period. Cohen Capital Management Inc. raised its position in shares of iShares Europe ETF by 4.7% in the third quarter. Cohen Capital Management Inc. now owns 6,285 shares of the company’s stock worth $366,000 after acquiring an additional 283 shares during the period. Finally, Thrivent Financial for Lutherans raised its position in shares of iShares Europe ETF by 1.1% in the second quarter. Thrivent Financial for Lutherans now owns 27,339 shares of the company’s stock worth $1,497,000 after acquiring an additional 301 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.