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

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) saw unusually-high 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 Price Performance

The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 11.90 and a beta of 1.07. The firm has a fifty day simple moving average of $23.84 and a two-hundred day simple moving average of $23.78.

iShares MSCI Europe Financials ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were paid a $0.4752 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC grew its holdings in shares of iShares MSCI Europe Financials ETF by 263.2% during the third quarter. Jane Street Group LLC now owns 1,872,119 shares of the company’s stock valued at $46,298,000 after buying an additional 1,356,609 shares during the last quarter. Bank of Montreal Can lifted its position in iShares MSCI Europe Financials ETF by 747.1% during the 3rd quarter. Bank of Montreal Can now owns 304,363 shares of the company’s stock worth $7,585,000 after acquiring an additional 268,435 shares during the period. JPMorgan Chase & Co. grew its stake in iShares MSCI Europe Financials ETF by 1.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,390,657 shares of the company’s stock valued at $256,961,000 after purchasing an additional 109,153 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in shares of iShares MSCI Europe Financials ETF in the third quarter valued at about $1,872,000. Finally, Park Avenue Securities LLC purchased a new position in shares of iShares MSCI Europe Financials ETF in the fourth quarter worth about $732,000.

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.