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

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) shares saw unusually-high trading volume on Tuesday . Approximately 1,543,372 shares changed hands during trading, an increase of 119% from the previous session’s volume of 704,350 shares.The stock last traded at $29.35 and had previously closed at $29.14.

iShares MSCI Europe Financials ETF Trading Up 1.3 %

The company has a market cap of $2.33 billion, a price-to-earnings ratio of 11.45 and a beta of 1.07. The firm’s fifty day simple moving average is $26.12 and its 200 day simple moving average is $24.73.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Private Advisor Group LLC acquired a new position in shares of iShares MSCI Europe Financials ETF in the 4th quarter valued at $229,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of iShares MSCI Europe Financials ETF by 7.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 11,922 shares of the company’s stock valued at $278,000 after buying an additional 800 shares in the last quarter. Park Avenue Securities LLC acquired a new position in shares of iShares MSCI Europe Financials ETF in the 4th quarter valued at $732,000. FMR LLC boosted its holdings 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 valued at $1,213,000 after buying an additional 5,104 shares in the last quarter. Finally, HighTower Advisors LLC boosted 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 valued at $2,613,000 after buying an additional 3,050 shares in 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.