iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Sees Unusually-High Trading Volume – Should You Buy?

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) shares saw strong trading volume on Friday . 2,161,021 shares changed hands during mid-day trading, an increase of 262% from the previous session’s volume of 596,463 shares.The stock last traded at $23.38 and had previously closed at $23.65.

iShares MSCI Europe Financials ETF Trading Down 1.0 %

The firm’s fifty day moving average price is $24.20 and its 200-day moving average price is $23.57. The company has a market cap of $1.90 billion, a P/E ratio of 11.90 and a beta of 1.07.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EUFN. GAMMA Investing LLC increased its holdings in shares of iShares MSCI Europe Financials ETF by 664.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock worth $27,000 after acquiring an additional 1,063 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in iShares MSCI Europe Financials ETF in the second quarter valued at $49,000. Fifth Third Bancorp bought a new position in shares of iShares MSCI Europe Financials ETF during the 2nd quarter worth about $51,000. Centaurus Financial Inc. acquired a new stake in shares of iShares MSCI Europe Financials ETF in the 3rd quarter worth about $103,000. Finally, Friedenthal Financial purchased a new position in shares of iShares MSCI Europe Financials ETF during the second quarter valued at approximately $123,000.

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.