iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Sees Strong Trading Volume – Time to Buy?

Shares of iShares MSCI Europe Financials ETF (NASDAQ:EUFN) saw unusually-high trading volume on Friday . Approximately 2,161,021 shares traded hands during trading, an increase of 262% from the previous session’s volume of 596,463 shares.The stock last traded at $23.38 and had previously closed at $23.65.

iShares MSCI Europe Financials ETF Trading Down 1.0 %

The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 11.90 and a beta of 1.07. The stock has a 50-day moving average price of $24.20 and a two-hundred day moving average price of $23.57.

Institutional Trading of iShares MSCI Europe Financials ETF

Several institutional investors have recently modified their holdings of EUFN. GAMMA Investing LLC grew its holdings in iShares MSCI Europe Financials ETF by 37.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,684 shares of the company’s stock valued at $42,000 after buying an additional 461 shares in the last quarter. Raymond James & Associates lifted its position in shares of iShares MSCI Europe Financials ETF by 0.3% during the 3rd quarter. Raymond James & Associates now owns 234,366 shares of the company’s stock valued at $5,796,000 after acquiring an additional 683 shares during the period. Transamerica Financial Advisors Inc. boosted its stake in shares of iShares MSCI Europe Financials ETF by 2.9% during the third quarter. Transamerica Financial Advisors Inc. now owns 56,523 shares of the company’s stock valued at $1,398,000 after acquiring an additional 1,616 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in iShares MSCI Europe Financials ETF by 0.3% during the second quarter. Envestnet Asset Management Inc. now owns 623,419 shares of the company’s stock worth $13,940,000 after buying an additional 2,051 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in iShares MSCI Europe Financials ETF in the second quarter valued at approximately $49,000.

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.