iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Sees Large Volume Increase – Still a Buy?

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) saw unusually-high trading volume on Friday . Approximately 4,801,503 shares changed hands during mid-day trading, an increase of 608% from the previous session’s volume of 678,572 shares.The stock last traded at $26.76 and had previously closed at $26.72.

iShares MSCI Europe Financials ETF Trading Down 0.3 %

The stock has a market cap of $2.10 billion, a PE ratio of 11.90 and a beta of 1.07. The business has a 50 day moving average of $24.61 and a 200-day moving average of $24.15.

iShares MSCI Europe Financials ETF Dividend Announcement

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

Institutional Investors Weigh In On iShares MSCI Europe Financials ETF

Hedge funds have recently made changes to their positions in the business. O Shaughnessy Asset Management LLC raised its stake in iShares MSCI Europe Financials ETF by 34.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,727 shares of the company’s stock valued at $40,000 after acquiring an additional 443 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in iShares MSCI Europe Financials ETF in the fourth quarter valued at about $42,000. PNC Financial Services Group Inc. increased its position in iShares MSCI Europe Financials ETF by 50.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,932 shares of the company’s stock worth $45,000 after purchasing an additional 644 shares during the period. Jones Financial Companies Lllp raised its stake in shares of iShares MSCI Europe Financials ETF by 246.0% during the 4th quarter. Jones Financial Companies Lllp now owns 2,450 shares of the company’s stock worth $57,000 after buying an additional 1,742 shares in the last quarter. Finally, Centaurus Financial Inc. acquired a new stake in iShares MSCI Europe Financials ETF in the third 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.