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

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) saw unusually-strong trading volume on Tuesday . Approximately 4,398,659 shares changed hands during mid-day trading, an increase of 188% from the previous session’s volume of 1,529,488 shares.The stock last traded at $38.2450 and had previously closed at $38.75.

iShares MSCI Europe Financials ETF Stock Performance

The stock has a market cap of $4.89 billion, a PE ratio of 11.10 and a beta of 0.94. The stock has a fifty day simple moving average of $37.10 and a two-hundred day simple moving average of $34.97.

iShares MSCI Europe Financials ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were paid a dividend of $0.5156 per share. This represents a dividend yield of 286.0%. The ex-dividend date was Tuesday, December 16th.

Institutional Investors Weigh In On iShares MSCI Europe Financials ETF

Several hedge funds and other institutional investors have recently modified their holdings of EUFN. Larson Financial Group LLC grew its stake in iShares MSCI Europe Financials ETF by 85.5% in the fourth quarter. Larson Financial Group LLC now owns 855 shares of the company’s stock worth $32,000 after purchasing an additional 394 shares in the last quarter. Triumph Capital Management bought a new position in iShares MSCI Europe Financials ETF during the third quarter worth $31,000. Avion Wealth bought a new stake in iShares MSCI Europe Financials ETF during the third quarter valued at $34,000. Guerra Advisors Inc bought a new stake in iShares MSCI Europe Financials ETF during the third quarter valued at $36,000. Finally, Hantz Financial Services Inc. acquired a new stake in shares of iShares MSCI Europe Financials ETF during the fourth quarter worth $44,000.

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. Component securities include those of banks, diversified financial companies, insurance companies and real estate companies.