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

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) saw unusually-high trading volume on Thursday . Approximately 5,655,548 shares were traded during mid-day trading, an increase of 277% from the previous session’s volume of 1,501,663 shares.The stock last traded at $26.26 and had previously closed at $26.93.

iShares MSCI Europe Financials ETF Trading Up 2.5 %

The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 9.88 and a beta of 1.07. The firm’s fifty day moving average price is $27.49 and its 200 day moving average price is $25.26.

Hedge Funds Weigh In On iShares MSCI Europe Financials ETF

Several hedge funds have recently bought and sold shares of the company. Webster Bank N. A. purchased a new position in iShares MSCI Europe Financials ETF in the 1st quarter valued at approximately $31,000. O Shaughnessy Asset Management LLC boosted its holdings in iShares MSCI Europe Financials ETF by 34.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,727 shares of the company’s stock valued at $40,000 after purchasing an additional 443 shares during the period. Russell Investments Group Ltd. purchased a new position in iShares MSCI Europe Financials ETF in the fourth quarter valued at $42,000. PNC Financial Services Group Inc. grew its stake 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 in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in 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 purchasing an additional 1,742 shares during the period.

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.