iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Sees Strong Trading Volume

Shares of iShares MSCI Europe Financials ETF (NASDAQ:EUFN) saw unusually-strong trading volume on Wednesday . Approximately 2,178,384 shares changed hands during 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 50-day moving average price is $22.03 and its two-hundred day moving average price is $20.69. The stock has a market capitalization of $1.42 billion, a P/E ratio of 11.54 and a beta of 1.07.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC boosted its holdings in iShares MSCI Europe Financials ETF by 408.7% in the 3rd quarter. CWM LLC now owns 1,343 shares of the company’s stock worth $25,000 after buying an additional 1,079 shares during the period. Capital Investment Advisory Services LLC boosted its holdings in iShares MSCI Europe Financials ETF by 242.0% in the 1st quarter. Capital Investment Advisory Services LLC now owns 1,368 shares of the company’s stock worth $31,000 after buying an additional 968 shares during the period. Global Retirement Partners LLC boosted its holdings in iShares MSCI Europe Financials ETF by 100,750.0% in the 4th quarter. Global Retirement Partners LLC now owns 2,017 shares of the company’s stock worth $41,000 after buying an additional 2,015 shares during the period. Financial Advocates Investment Management bought a new position in iShares MSCI Europe Financials ETF in the 3rd quarter worth approximately $39,000. Finally, Register Financial Advisors LLC bought a new position in iShares MSCI Europe Financials ETF in the 1st quarter worth approximately $47,000.

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.