iShares Core MSCI Europe ETF (NYSEARCA:IEUR) Sees Large Volume Increase – Still a Buy?

iShares Core MSCI Europe ETF (NYSEARCA:IEUR) shares saw an uptick in trading volume on Friday . 1,114,521 shares changed hands during mid-day trading, an increase of 82% from the previous session’s volume of 611,353 shares.The stock last traded at $53.90 and had previously closed at $54.54.

iShares Core MSCI Europe ETF Stock Down 0.7 %

The company’s 50-day moving average price is $55.58 and its 200-day moving average price is $57.63. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of 15.22 and a beta of 0.85.

Institutional Trading of iShares Core MSCI Europe ETF

Several institutional investors have recently modified their holdings of the stock. LGT Financial Advisors LLC lifted its stake in shares of iShares Core MSCI Europe ETF by 673.7% in the third quarter. LGT Financial Advisors LLC now owns 441 shares of the company’s stock worth $27,000 after buying an additional 384 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of iShares Core MSCI Europe ETF in the second quarter worth about $28,000. Commerce Bank purchased a new position in shares of iShares Core MSCI Europe ETF in the third quarter worth about $241,000. United Advisor Group LLC purchased a new position in shares of iShares Core MSCI Europe ETF in the third quarter worth about $242,000. Finally, Wealthgarden F.S. LLC purchased a new position in shares of iShares Core MSCI Europe ETF in the second quarter worth about $235,000.

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.