iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Sees Strong Trading Volume

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) saw an uptick in trading volume on Wednesday . 2,178,384 shares changed hands during mid-day trading, an increase of 310% from the previous session’s volume of 531,267 shares.The stock last traded at $22.40 and had previously closed at $22.67.

iShares MSCI Europe Financials ETF Stock Down 1.1 %

The company has a market cap of $1.41 billion, a PE ratio of 11.54 and a beta of 1.07. The business has a 50-day simple moving average of $21.92 and a 200-day simple moving average of $20.64.

Institutional Investors Weigh In On iShares MSCI Europe Financials ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in EUFN. Commonwealth Equity Services LLC boosted its stake in shares of iShares MSCI Europe Financials ETF by 4.6% in the third quarter. Commonwealth Equity Services LLC now owns 23,156 shares of the company’s stock worth $438,000 after acquiring an additional 1,018 shares during the last quarter. CWM LLC lifted its holdings in iShares MSCI Europe Financials ETF by 408.7% in the 3rd quarter. CWM LLC now owns 1,343 shares of the company’s stock valued at $25,000 after purchasing an additional 1,079 shares in the last quarter. Waterfront Wealth Inc. boosted its stake in iShares MSCI Europe Financials ETF by 0.5% during the 4th quarter. Waterfront Wealth Inc. now owns 236,929 shares of the company’s stock worth $4,966,000 after purchasing an additional 1,108 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of iShares MSCI Europe Financials ETF by 22.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,135 shares of the company’s stock worth $150,000 after buying an additional 1,288 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of iShares MSCI Europe Financials ETF by 2.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 69,356 shares of the company’s stock worth $1,454,000 after buying an additional 1,621 shares in the last quarter.

iShares MSCI Europe Financials ETF Company Profile

iShares MSCI Europe Financials ETF, formerly iShares MSCI Europe Financials Sector Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the MSCI Europe Financials Index (the Index). The Index is a free float-adjusted market capitalization weighted index designed to measure the combined equity market performance of the financials sector of developed market countries in Europe.