iShares Europe ETF (NYSEARCA:IEV) Shares Gap Down to $57.45

iShares Europe ETF (NYSEARCA:IEV) shares gapped down before the market opened on Tuesday . The stock had previously closed at $57.45, but opened at $55.42. iShares Europe ETF shares last traded at $55.42, with a volume of 5,737 shares changing hands.

iShares Europe ETF Stock Down 3.6 %

The business’s fifty day moving average is $56.00 and its two-hundred day moving average is $53.98. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 16.09 and a beta of 0.83.

Hedge Funds Weigh In On iShares Europe ETF

Large investors have recently made changes to their positions in the company. UBS Group AG raised its position in shares of iShares Europe ETF by 2.7% during the 3rd quarter. UBS Group AG now owns 621,884 shares of the company’s stock valued at $29,683,000 after acquiring an additional 16,226 shares during the last quarter. Checchi Capital Advisers LLC increased its holdings in iShares Europe ETF by 422.4% in the first quarter. Checchi Capital Advisers LLC now owns 311,557 shares of the company’s stock valued at $17,344,000 after purchasing an additional 251,914 shares during the last quarter. Wealthsource Partners LLC lifted its stake in iShares Europe ETF by 7.5% in the third quarter. Wealthsource Partners LLC now owns 182,449 shares of the company’s stock valued at $8,708,000 after buying an additional 12,719 shares during the period. Connectus Wealth LLC bought a new position in iShares Europe ETF during the fourth quarter worth about $9,252,000. Finally, Integrated Wealth Concepts LLC boosted its holdings in iShares Europe ETF by 46.7% during the third quarter. Integrated Wealth Concepts LLC now owns 166,776 shares of the company’s stock worth $7,960,000 after buying an additional 53,094 shares during the last quarter.

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.