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

Shares of iShares MSCI Europe Financials ETF (NASDAQ:EUFN) saw unusually-strong trading volume on Tuesday . Approximately 1,543,372 shares were traded 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 Stock Performance

The firm has a market cap of $2.89 billion, a P/E ratio of 11.92 and a beta of 1.07. The company has a 50-day moving average of $26.35 and a 200 day moving average of $24.80.

Hedge Funds Weigh In On iShares MSCI Europe Financials ETF

Several hedge funds and other institutional investors have recently modified their holdings of EUFN. O Shaughnessy Asset Management LLC raised its position in iShares MSCI Europe Financials ETF by 34.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,727 shares of the company’s stock valued at $40,000 after purchasing an additional 443 shares during the last quarter. Russell Investments Group Ltd. bought a new position in iShares MSCI Europe Financials ETF in the 4th quarter valued at $42,000. PNC Financial Services Group Inc. raised its position in iShares MSCI Europe Financials ETF by 50.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,932 shares of the company’s stock valued at $45,000 after purchasing an additional 644 shares during the last quarter. Jones Financial Companies Lllp raised its position in iShares MSCI Europe Financials ETF by 246.0% in the 4th quarter. Jones Financial Companies Lllp now owns 2,450 shares of the company’s stock valued at $57,000 after purchasing an additional 1,742 shares during the last quarter. Finally, Centaurus Financial Inc. bought a new position in iShares MSCI Europe Financials ETF in the 3rd quarter valued at $103,000.

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.