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

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) shares 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 Trading Up 1.9 %

The business’s 50 day moving average price is $23.74 and its two-hundred day moving average price is $23.72. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 11.90 and a beta of 1.07.

iShares MSCI Europe Financials ETF Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EUFN. GAMMA Investing LLC grew its position 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 purchasing an additional 461 shares during the period. FMR LLC grew its position in 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 purchasing an additional 5,104 shares during the period. Park Avenue Securities LLC acquired a new stake in iShares MSCI Europe Financials ETF in the 4th quarter valued at $732,000. HighTower Advisors LLC grew its position in 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 purchasing an additional 3,050 shares during the period. Finally, Creative Planning acquired a new stake in iShares MSCI Europe Financials ETF in the 2nd quarter valued at $609,000.

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.