iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Share Price Cross Above Two Hundred Day Moving Average – Here’s What Happened

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $38.68 and traded as high as $39.94. iShares MSCI Europe Financials ETF shares last traded at $39.8950, with a volume of 1,130,176 shares changing hands.

iShares MSCI Europe Financials ETF Stock Down 2.2%

The firm’s 50-day moving average price is $39.92 and its 200 day moving average price is $38.70. The company has a market capitalization of $2.98 billion, a P/E ratio of 11.10 and a beta of 0.79.

Hedge Funds Weigh In On iShares MSCI Europe Financials ETF

A number of hedge funds have recently added to or reduced their stakes in EUFN. Baird Financial Group Inc. increased its position in shares of iShares MSCI Europe Financials ETF by 0.4% during the second quarter. Baird Financial Group Inc. now owns 74,190 shares of the company’s stock valued at $2,893,000 after acquiring an additional 281 shares during the last quarter. Sigma Planning Corp lifted its holdings in iShares MSCI Europe Financials ETF by 4.3% during the second quarter. Sigma Planning Corp now owns 8,784 shares of the company’s stock worth $342,000 after acquiring an additional 365 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in iShares MSCI Europe Financials ETF by 44.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,328 shares of the company’s stock worth $51,000 after acquiring an additional 410 shares during the period. Evergreen Private Wealth LLC boosted its position in iShares MSCI Europe Financials ETF by 0.5% in the third quarter. Evergreen Private Wealth LLC now owns 96,491 shares of the company’s stock worth $3,838,000 after purchasing an additional 451 shares during the last quarter. Finally, HB Wealth Management LLC boosted its position in iShares MSCI Europe Financials ETF by 3.8% in the first quarter. HB Wealth Management LLC now owns 13,846 shares of the company’s stock worth $483,000 after purchasing an additional 513 shares during the last quarter.

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