iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Sees Large Volume Increase – Time to Buy?

iShares MSCI Europe Financials ETF (NASDAQ:EUFNGet Free Report) saw unusually-high trading volume on Tuesday . Approximately 1,261,762 shares traded hands during trading, an increase of 110% from the previous session’s volume of 601,607 shares.The stock last traded at $24.25 and had previously closed at $24.32.

iShares MSCI Europe Financials ETF Price Performance

The company’s 50-day moving average is $24.21 and its 200-day moving average is $23.40. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 11.90 and a beta of 1.07.

Institutional Investors Weigh In On iShares MSCI Europe Financials ETF

A number of institutional investors have recently added to or reduced their stakes in EUFN. GAMMA Investing LLC grew its holdings in shares of iShares MSCI Europe Financials ETF by 664.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock worth $27,000 after purchasing an additional 1,063 shares during the period. Palisade Asset Management LLC purchased a new position in iShares MSCI Europe Financials ETF in the first quarter valued at about $38,000. Ashton Thomas Private Wealth LLC purchased a new position in iShares MSCI Europe Financials ETF in the second quarter valued at about $49,000. Fifth Third Bancorp purchased a new stake in shares of iShares MSCI Europe Financials ETF in the second quarter worth about $51,000. Finally, Friedenthal Financial purchased a new stake in shares of iShares MSCI Europe Financials ETF in the second quarter worth about $123,000.

iShares MSCI Europe Financials ETF Company Profile

(Get Free Report)

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.

Further Reading

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