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

Shares of iShares MSCI Europe Financials ETF (NASDAQ:EUFN) saw unusually-strong trading volume on Tuesday . Approximately 795,144 shares were traded during 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 Trading Up 2.0 %

The firm has a 50 day moving average of $23.68 and a two-hundred day moving average of $23.70. The company has a market cap of $1.91 billion, a PE ratio of 11.90 and a beta of 1.07.

iShares MSCI Europe Financials ETF Announces Dividend

The firm also recently announced 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.

Hedge Funds Weigh In On iShares MSCI Europe Financials ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its position in 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 purchasing an additional 461 shares in the last quarter. Centaurus Financial Inc. purchased a new position in iShares MSCI Europe Financials ETF during the third quarter valued at $103,000. EP Wealth Advisors LLC purchased a new position in iShares MSCI Europe Financials ETF during the third quarter valued at $183,000. Blair William & Co. IL lifted its position in iShares MSCI Europe Financials ETF by 34.1% during the second quarter. Blair William & Co. IL now owns 9,625 shares of the company’s stock valued at $215,000 after purchasing an additional 2,450 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new position in shares of iShares MSCI Europe Financials ETF in the second quarter valued at about $219,000.

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.