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

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) shares saw unusually-strong trading volume on Monday . Approximately 461,733 shares were traded during mid-day trading, a decline of 1% from the previous session’s volume of 465,350 shares.The stock last traded at $25.40 and had previously closed at $25.22.

iShares MSCI Europe Financials ETF Stock Performance

The company’s 50 day simple moving average is $23.81 and its 200 day simple moving average is $23.76. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 11.90 and a beta of 1.07.

iShares MSCI Europe Financials ETF Announces Dividend

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

Hedge Funds Weigh In On iShares MSCI Europe Financials ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Calton & Associates Inc. lifted its holdings in shares of iShares MSCI Europe Financials ETF by 94.3% in the fourth quarter. Calton & Associates Inc. now owns 16,449 shares of the company’s stock valued at $383,000 after purchasing an additional 7,985 shares in the last quarter. Park Avenue Securities LLC purchased a new position in iShares MSCI Europe Financials ETF during the 4th quarter valued at about $732,000. JPMorgan Chase & Co. lifted its position in shares of iShares MSCI Europe Financials ETF by 1.1% in the third quarter. JPMorgan Chase & Co. now owns 10,390,657 shares of the company’s stock worth $256,961,000 after purchasing an additional 109,153 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in iShares MSCI Europe Financials ETF in the 3rd quarter valued at approximately $183,000. Finally, Jane Street Group LLC increased its position in iShares MSCI Europe Financials ETF by 263.2% in the 3rd quarter. Jane Street Group LLC now owns 1,872,119 shares of the company’s stock worth $46,298,000 after purchasing an additional 1,356,609 shares during the last quarter.

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.