iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Sees Large Volume Increase – What’s Next?

Shares of iShares MSCI Europe Financials ETF (NASDAQ:EUFN) saw unusually-high trading volume on Tuesday . Approximately 795,144 shares traded hands 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 Stock Up 1.9 %

The company has a market cap of $1.94 billion, a P/E ratio of 11.90 and a beta of 1.07. The business has a fifty day moving average of $23.74 and a 200 day moving average of $23.72.

iShares MSCI Europe Financials ETF Dividend Announcement

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

Hedge Funds Weigh In On iShares MSCI Europe Financials ETF

Institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its stake in shares of iShares MSCI Europe Financials ETF by 0.3% in the second quarter. Envestnet Asset Management Inc. now owns 623,419 shares of the company’s stock worth $13,940,000 after acquiring an additional 2,051 shares during the last quarter. Blair William & Co. IL boosted its position in shares of 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 buying an additional 2,450 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in shares of iShares MSCI Europe Financials ETF during the second quarter valued at $1,413,000. Squarepoint Ops LLC purchased a new stake in shares of iShares MSCI Europe Financials ETF during the second quarter valued at $219,000. Finally, Creative Planning purchased a new stake in shares of iShares MSCI Europe Financials ETF during the second quarter valued at $609,000.

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.