Select STOXX Europe Aerospace & Defense ETF (BATS:EUAD) Stock Price Down 1.4% – Here’s Why

Select STOXX Europe Aerospace & Defense ETF (BATS:EUAD) shares traded down 1.4% on Thursday. The stock traded as low as $41.17 and last traded at $41.32. 206,594 shares traded hands during trading, a decline of 51% from the average daily volume of 425,039 shares. The stock had previously closed at $41.89.

Select STOXX Europe Aerospace & Defense ETF Trading Up 0.8%

The company has a fifty day moving average of $44.55 and a 200-day moving average of $42.65. The company has a market capitalization of $961.70 million and a price-to-earnings ratio of 38.44.

Institutional Trading of Select STOXX Europe Aerospace & Defense ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Ethos Financial Group LLC raised its holdings in Select STOXX Europe Aerospace & Defense ETF by 9.5% during the first quarter. Ethos Financial Group LLC now owns 122,710 shares of the company’s stock worth $4,999,000 after purchasing an additional 10,680 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Select STOXX Europe Aerospace & Defense ETF by 14.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 103,120 shares of the company’s stock worth $4,201,000 after purchasing an additional 13,409 shares during the period. Stillwater Private Wealth LLC purchased a new position in shares of Select STOXX Europe Aerospace & Defense ETF during the 1st quarter worth approximately $335,000. Dearborn Partners LLC lifted its holdings in shares of Select STOXX Europe Aerospace & Defense ETF by 12.8% in the 4th quarter. Dearborn Partners LLC now owns 6,150 shares of the company’s stock valued at $259,000 after buying an additional 700 shares during the period. Finally, PeakShares LLC purchased a new stake in shares of Select STOXX Europe Aerospace & Defense ETF in the first quarter valued at approximately $132,000.

Select STOXX Europe Aerospace & Defense ETF Company Profile

The Select STOXX Europe Aerospace & Defense ETF (EUAD) is an exchange-traded fund that mostly invests in industrials equity. The fund tracks a narrow index of European stocks, or ADRs of companies headquartered in Europe, who derive a significant portion of their revenue from the aerospace and defense industry. Holdings are weighted based on market-cap. EUAD was launched on Oct 22, 2024 and is issued by Tuttle Capital.