iShares MSCI Europe Small-Cap ETF (NASDAQ:IEUS) Shares Break Above 200 Day Moving Average – Here’s What Happened

iShares MSCI Europe Small-Cap ETF (NASDAQ:IEUS) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $71.08 and traded as high as $71.25. iShares MSCI Europe Small-Cap ETF shares last traded at $71.27, with a volume of 2,794 shares changing hands.

iShares MSCI Europe Small-Cap ETF Trading Down 1.2%

The business has a 50 day moving average price of $71.29 and a 200-day moving average price of $71.08. The company has a market cap of $165.46 million, a P/E ratio of 15.50 and a beta of 0.99.

Institutional Investors Weigh In On iShares MSCI Europe Small-Cap ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC boosted its holdings in iShares MSCI Europe Small-Cap ETF by 372,016.0% in the 2nd quarter. NewEdge Advisors LLC now owns 93,029 shares of the company’s stock valued at $6,439,000 after purchasing an additional 93,004 shares during the period. Royal Bank of Canada increased its holdings in shares of iShares MSCI Europe Small-Cap ETF by 1,981.7% during the first quarter. Royal Bank of Canada now owns 39,761 shares of the company’s stock worth $2,637,000 after purchasing an additional 37,851 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in shares of iShares MSCI Europe Small-Cap ETF by 2,890.7% during the third quarter. Farther Finance Advisors LLC now owns 8,643 shares of the company’s stock worth $607,000 after purchasing an additional 8,354 shares during the period.

About iShares MSCI Europe Small-Cap ETF

The iShares MSCI Europe Small-Cap ETF (IEUS) is an exchange-traded fund that is based on the MSCI Europe Small Cap index, a market-cap-weighted index of companies in developed countries of Europe. IEUS was launched on Nov 12, 2007 and is managed by BlackRock.