iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Sees Large Volume Increase

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) shares saw an uptick in trading volume on Wednesday . 3,398,075 shares changed hands during mid-day trading, an increase of 404% from the previous session’s volume of 673,628 shares.The stock last traded at $22.76 and had previously closed at $22.49.

iShares MSCI Europe Financials ETF Price Performance

The stock has a market cap of $1.79 billion, a PE ratio of 11.90 and a beta of 1.07. The stock has a 50-day simple moving average of $23.18 and a 200-day simple moving average of $21.98.

iShares MSCI Europe Financials ETF Announces Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 11th were issued a dividend of $0.7734 per share. The ex-dividend date was Tuesday, June 11th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of EUFN. International Assets Investment Management LLC acquired a new stake in shares of iShares MSCI Europe Financials ETF in the fourth quarter worth $198,000. Modera Wealth Management LLC acquired a new position in shares of iShares MSCI Europe Financials ETF during the third quarter worth about $108,000. Valeo Financial Advisors LLC acquired a new position in shares of iShares MSCI Europe Financials ETF during the fourth quarter worth about $235,000. Raymond James & Associates boosted its position in shares of iShares MSCI Europe Financials ETF by 1.8% in the fourth quarter. Raymond James & Associates now owns 231,031 shares of the company’s stock worth $4,842,000 after buying an additional 4,188 shares during the period. Finally, Global Retirement Partners LLC grew its stake in shares of iShares MSCI Europe Financials ETF by 100,750.0% in the fourth quarter. Global Retirement Partners LLC now owns 2,017 shares of the company’s stock valued at $41,000 after buying an additional 2,015 shares in the last quarter.

About iShares MSCI Europe Financials ETF

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.