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

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) shares saw strong trading volume on Friday . 1,458,816 shares traded hands during mid-day trading, an increase of 124% from the previous session’s volume of 651,020 shares.The stock last traded at $24.12 and had previously closed at $23.91.

iShares MSCI Europe Financials ETF Trading Up 0.6 %

The firm has a market capitalization of $2.03 billion, a P/E ratio of 11.90 and a beta of 1.07. The company’s fifty day moving average is $23.19 and its 200-day moving average is $22.87.

Hedge Funds Weigh In On iShares MSCI Europe Financials ETF

Institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC grew its holdings in iShares MSCI Europe Financials ETF by 664.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock valued at $27,000 after buying an additional 1,063 shares during the last quarter. Capital Investment Advisory Services LLC raised its stake in shares of iShares MSCI Europe Financials ETF by 242.0% in the 1st quarter. Capital Investment Advisory Services LLC now owns 1,368 shares of the company’s stock valued at $31,000 after buying an additional 968 shares in the last quarter. Palisade Asset Management LLC acquired a new position in shares of iShares MSCI Europe Financials ETF in the 1st quarter valued at $38,000. Register Financial Advisors LLC bought a new position in shares of iShares MSCI Europe Financials ETF during the 1st quarter worth about $47,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of iShares MSCI Europe Financials ETF during the 2nd quarter valued at about $49,000.

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.