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

Shares of iShares MSCI Europe Financials ETF (NASDAQ:EUFN) saw an uptick in trading volume on Wednesday . 2,178,384 shares were traded during 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 Trading Down 1.1 %

The stock has a market capitalization of $1.41 billion, a PE ratio of 11.54 and a beta of 1.07. The business has a fifty day moving average price of $21.92 and a 200-day moving average price of $20.64.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in EUFN. Congress Wealth Management LLC DE boosted its stake in shares of iShares MSCI Europe Financials ETF by 1.4% in the 1st quarter. Congress Wealth Management LLC DE now owns 1,230,375 shares of the company’s stock valued at $27,979,000 after purchasing an additional 16,657 shares in the last quarter. Register Financial Advisors LLC bought a new position in shares of iShares MSCI Europe Financials ETF during the first quarter valued at about $47,000. PNC Financial Services Group Inc. increased its holdings in shares of iShares MSCI Europe Financials ETF by 22.0% in 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 during the period. Greenwood Capital Associates LLC bought a new stake in shares of iShares MSCI Europe Financials ETF in the 4th quarter valued at about $1,355,000. Finally, Financial Advocates Investment Management boosted its holdings in iShares MSCI Europe Financials ETF by 309.0% during the 4th quarter. Financial Advocates Investment Management now owns 8,385 shares of the company’s stock valued at $176,000 after acquiring an additional 6,335 shares during the period.

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.