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

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) shares saw strong trading volume on Monday . 1,287,581 shares traded hands during mid-day trading, an increase of 71% from the previous session’s volume of 752,793 shares.The stock last traded at $28.98 and had previously closed at $28.84.

iShares MSCI Europe Financials ETF Trading Down 1.6 %

The firm has a market capitalization of $2.28 billion, a PE ratio of 11.92 and a beta of 1.07. The stock’s 50 day moving average price is $26.79 and its two-hundred day moving average price is $24.95.

Hedge Funds Weigh In On iShares MSCI Europe Financials ETF

A number of institutional investors have recently made changes to their positions in EUFN. O Shaughnessy Asset Management LLC increased its position 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 worth $40,000 after purchasing an additional 443 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of iShares MSCI Europe Financials ETF by 2.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 22,222 shares of the company’s stock worth $518,000 after buying an additional 512 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of iShares MSCI Europe Financials ETF by 3.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 17,714 shares of the company’s stock valued at $413,000 after buying an additional 628 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of iShares MSCI Europe Financials ETF by 50.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,932 shares of the company’s stock valued at $45,000 after buying an additional 644 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of iShares MSCI Europe Financials ETF by 7.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,922 shares of the company’s stock valued at $278,000 after buying an additional 800 shares during the period.

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.