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

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) saw unusually-high trading volume on Tuesday . Approximately 795,144 shares changed hands during mid-day trading, an increase of 74% from the previous session’s volume of 457,582 shares.The stock last traded at $24.72 and had previously closed at $24.32.

iShares MSCI Europe Financials ETF Price Performance

The business has a 50-day moving average of $23.68 and a 200 day moving average of $23.70. The company has a market capitalization of $1.91 billion, a PE ratio of 11.90 and a beta of 1.07.

iShares MSCI Europe Financials ETF Announces Dividend

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

Institutional Investors Weigh In On iShares MSCI Europe Financials ETF

Several large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its stake in shares of iShares MSCI Europe Financials ETF by 37.7% during the third quarter. GAMMA Investing LLC now owns 1,684 shares of the company’s stock valued at $42,000 after buying an additional 461 shares during the last quarter. FMR LLC grew its stake in shares of iShares MSCI Europe Financials ETF by 11.6% during the third quarter. FMR LLC now owns 49,039 shares of the company’s stock valued at $1,213,000 after buying an additional 5,104 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of iShares MSCI Europe Financials ETF by 3.0% during the third quarter. HighTower Advisors LLC now owns 105,769 shares of the company’s stock valued at $2,613,000 after buying an additional 3,050 shares during the last quarter. Creative Planning bought a new position in shares of iShares MSCI Europe Financials ETF during the second quarter valued at approximately $609,000. Finally, JPMorgan Chase & Co. grew its stake in shares of iShares MSCI Europe Financials ETF by 1.1% during the third quarter. JPMorgan Chase & Co. now owns 10,390,657 shares of the company’s stock valued at $256,961,000 after buying an additional 109,153 shares during the last quarter.

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.