Park Avenue Securities LLC raised its stake in shares of iShares MSCI Europe Financials ETF (NASDAQ:EUFN – Free Report) by 94.1% in the third quarter, Holdings Channel reports. The fund owned 70,590 shares of the company’s stock after acquiring an additional 34,213 shares during the period. Park Avenue Securities LLC’s holdings in iShares MSCI Europe Financials ETF were worth $2,808,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its holdings in shares of iShares MSCI Europe Financials ETF by 31.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,529,480 shares of the company’s stock worth $59,634,000 after purchasing an additional 369,640 shares during the last quarter. Tidal Investments LLC bought a new position in iShares MSCI Europe Financials ETF during the 2nd quarter valued at about $13,164,000. Envestnet Portfolio Solutions Inc. acquired a new position in iShares MSCI Europe Financials ETF in the second quarter valued at about $2,167,000. Bank of Nova Scotia acquired a new position in iShares MSCI Europe Financials ETF in the first quarter valued at about $1,081,000. Finally, Fifth Third Bancorp acquired a new position in iShares MSCI Europe Financials ETF in the first quarter valued at about $1,019,000.
iShares MSCI Europe Financials ETF Trading Down 1.3%
Shares of iShares MSCI Europe Financials ETF stock opened at $37.69 on Friday. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 11.10 and a beta of 0.79. iShares MSCI Europe Financials ETF has a 1-year low of $32.90 and a 1-year high of $43.07. The firm’s 50-day moving average price is $40.29 and its two-hundred day moving average price is $38.66.
iShares MSCI Europe Financials ETF 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. Component securities include those of banks, diversified financial companies, insurance companies and real estate companies.
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