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

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) saw unusually-high trading volume on Monday . Approximately 1,287,581 shares were traded during trading, an increase of 71% from the previous session’s volume of 752,793 shares.The stock last traded at $28.98 and had previously closed at $28.84.

iShares MSCI Europe Financials ETF Stock Performance

The company has a market capitalization of $2.29 billion, a P/E ratio of 11.92 and a beta of 1.07. The business’s fifty day simple moving average is $26.56 and its 200-day simple moving average is $24.87.

Institutional Investors Weigh In On iShares MSCI Europe Financials ETF

A number of hedge funds have recently made changes to their positions in the company. Private Advisor Group LLC purchased a new stake in shares of iShares MSCI Europe Financials ETF during the 4th quarter worth approximately $229,000. Steward Partners Investment Advisory LLC raised its stake in iShares MSCI Europe Financials ETF by 7.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,922 shares of the company’s stock valued at $278,000 after purchasing an additional 800 shares in the last quarter. Park Avenue Securities LLC bought a new position in iShares MSCI Europe Financials ETF during the fourth quarter valued at $732,000. FMR LLC grew its stake in shares of iShares MSCI Europe Financials ETF by 11.6% in the 3rd quarter. FMR LLC now owns 49,039 shares of the company’s stock worth $1,213,000 after buying an additional 5,104 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings 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 during the last quarter.

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.