iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Sees Strong Trading Volume – Here’s Why

Shares of iShares MSCI Europe Financials ETF (NASDAQ:EUFN) saw unusually-strong trading volume on Monday . Approximately 77,079 shares were traded during trading, a decline of 10% from the previous session’s volume of 85,894 shares.The stock last traded at $23.64 and had previously closed at $23.28.

iShares MSCI Europe Financials ETF Stock Up 1.8 %

The stock has a 50-day simple moving average of $23.76 and a two-hundred day simple moving average of $23.59. The firm has a market cap of $1.82 billion, a PE ratio of 11.90 and a beta of 1.07.

iShares MSCI Europe Financials ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were issued a $0.4752 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in iShares MSCI Europe Financials ETF by 1.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,390,657 shares of the company’s stock worth $256,961,000 after acquiring an additional 109,153 shares during the last quarter. EP Wealth Advisors LLC bought a new position in shares of iShares MSCI Europe Financials ETF in the third quarter worth approximately $183,000. Jane Street Group LLC boosted its position in shares of iShares MSCI Europe Financials ETF by 263.2% during the third quarter. Jane Street Group LLC now owns 1,872,119 shares of the company’s stock worth $46,298,000 after acquiring an additional 1,356,609 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of iShares MSCI Europe Financials ETF by 3.0% in the 3rd quarter. HighTower Advisors LLC now owns 105,769 shares of the company’s stock worth $2,613,000 after buying an additional 3,050 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in iShares MSCI Europe Financials ETF during the 3rd quarter valued at about $1,872,000.

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.