iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Sees Unusually-High Trading Volume

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) shares saw strong trading volume on Wednesday . 2,178,384 shares were traded during mid-day trading, an increase of 310% from the previous session’s volume of 531,267 shares.The stock last traded at $22.40 and had previously closed at $22.67.

iShares MSCI Europe Financials ETF Trading Up 0.5 %

The stock’s fifty day moving average price is $22.03 and its two-hundred day moving average price is $20.69. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 11.54 and a beta of 1.07.

Institutional Investors Weigh In On iShares MSCI Europe Financials ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Prudential PLC acquired a new stake in iShares MSCI Europe Financials ETF during the 3rd quarter worth $6,032,000. Greenwood Capital Associates LLC acquired a new stake in iShares MSCI Europe Financials ETF during the 4th quarter worth $1,355,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in iShares MSCI Europe Financials ETF during the 4th quarter worth $616,000. Columbus Macro LLC acquired a new stake in iShares MSCI Europe Financials ETF during the 4th quarter worth $460,000. Finally, Calton & Associates Inc. acquired a new stake in iShares MSCI Europe Financials ETF during the 4th quarter worth $376,000.

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.