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

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) shares saw an uptick in trading volume on Monday . 1,287,581 shares traded hands during 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 Price Performance

The business’s fifty day simple moving average is $26.56 and its two-hundred day simple moving average is $24.87. The company has a market cap of $2.29 billion, a PE ratio of 11.92 and a beta of 1.07.

Hedge Funds Weigh In On iShares MSCI Europe Financials ETF

A number of large investors have recently bought and sold shares of EUFN. O Shaughnessy Asset Management LLC lifted its position in shares of 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 valued at $40,000 after buying an additional 443 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in iShares MSCI Europe Financials ETF during the fourth quarter valued at $42,000. PNC Financial Services Group Inc. grew 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 purchasing an additional 644 shares during the period. Jones Financial Companies Lllp grew its position in shares of iShares MSCI Europe Financials ETF by 246.0% in the fourth quarter. Jones Financial Companies Lllp now owns 2,450 shares of the company’s stock valued at $57,000 after purchasing an additional 1,742 shares during the period. Finally, Centaurus Financial Inc. purchased a new stake in shares of iShares MSCI Europe Financials ETF during the third quarter worth about $103,000.

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.