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

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) saw strong trading volume on Thursday . 5,655,548 shares changed hands during trading, an increase of 277% from the previous session’s volume of 1,501,663 shares.The stock last traded at $26.26 and had previously closed at $26.93.

iShares MSCI Europe Financials ETF Price Performance

The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 9.88 and a beta of 1.07. The business’s 50 day moving average is $27.49 and its 200 day moving average is $25.26.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in iShares MSCI Europe Financials ETF in the fourth quarter valued at $5,803,000. JPMorgan Chase & Co. lifted its holdings in shares of iShares MSCI Europe Financials ETF by 1.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,390,657 shares of the company’s stock valued at $256,961,000 after purchasing an additional 109,153 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of iShares MSCI Europe Financials ETF by 2,708.9% in the 1st quarter. GAMMA Investing LLC now owns 49,801 shares of the company’s stock valued at $1,419,000 after purchasing an additional 48,028 shares during the period. Anderson Hoagland & Co. acquired a new stake in shares of iShares MSCI Europe Financials ETF in the 1st quarter valued at about $1,110,000. Finally, RiverFront Investment Group LLC increased its position in iShares MSCI Europe Financials ETF by 7.6% during the fourth quarter. RiverFront Investment Group LLC now owns 526,298 shares of the company’s stock worth $12,263,000 after buying an additional 37,065 shares during the period.

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.