Select STOXX Europe Aerospace & Defense ETF (BATS:EUAD) Stock Price Down 4.1% – Here’s What Happened

Select STOXX Europe Aerospace & Defense ETF (BATS:EUAD) was down 4.1% during trading on Friday. The company traded as low as $38.00 and last traded at $38.27. 237,948 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 411,857 shares. The stock had previously closed at $39.92.

Select STOXX Europe Aerospace & Defense ETF Stock Down 4.1%

The firm has a market cap of $883.65 million and a price-to-earnings ratio of 38.44. The stock has a 50 day moving average of $42.80 and a 200 day moving average of $42.51.

Institutional Investors Weigh In On Select STOXX Europe Aerospace & Defense ETF

A number of large investors have recently bought and sold shares of EUAD. Continuum Advisory LLC acquired a new position in shares of Select STOXX Europe Aerospace & Defense ETF in the 2nd quarter valued at approximately $53,000. Parallel Advisors LLC boosted its position in shares of Select STOXX Europe Aerospace & Defense ETF by 15.7% during the 1st quarter. Parallel Advisors LLC now owns 3,174 shares of the company’s stock worth $129,000 after acquiring an additional 430 shares in the last quarter. PeakShares LLC acquired a new stake in shares of Select STOXX Europe Aerospace & Defense ETF during the 1st quarter worth approximately $132,000. Stillwater Private Wealth LLC acquired a new stake in shares of Select STOXX Europe Aerospace & Defense ETF during the 1st quarter worth approximately $335,000. Finally, Janney Montgomery Scott LLC boosted its position in shares of Select STOXX Europe Aerospace & Defense ETF by 14.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 103,120 shares of the company’s stock worth $4,201,000 after acquiring an additional 13,409 shares in the last quarter.

Select STOXX Europe Aerospace & Defense ETF Company Profile

The Select STOXX Europe Aerospace & Defense ETF (EUAD) is an exchange-traded fund that mostly invests in industrials equity. The fund tracks a narrow index of European stocks, or ADRs of companies headquartered in Europe, who derive a significant portion of their revenue from the aerospace and defense industry. Holdings are weighted based on market-cap. EUAD was launched on Oct 22, 2024 and is issued by Tuttle Capital.