iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Shares Gap Down to $18.75

iShares MSCI Europe Financials ETF (NASDAQ:EUFN – Get Rating) gapped down prior to trading on Wednesday . The stock had previously closed at $18.75, but opened at $17.30. iShares MSCI Europe Financials ETF shares last traded at $17.44, with a volume of 1,564,208 shares trading hands.

iShares MSCI Europe Financials ETF Trading Up 1.6 %

The company has a 50 day moving average price of $19.51 and a 200 day moving average price of $17.23. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 8.05 and a beta of 1.12.

Institutional Investors Weigh In On iShares MSCI Europe Financials ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Spire Wealth Management increased its stake in shares of iShares MSCI Europe Financials ETF by 511.6% in the 3rd quarter. Spire Wealth Management now owns 2,000 shares of the company’s stock valued at $28,000 after buying an additional 1,673 shares during the period. Captrust Financial Advisors increased its stake in shares of iShares MSCI Europe Financials ETF by 175.5% in the 2nd quarter. Captrust Financial Advisors now owns 2,962 shares of the company’s stock valued at $47,000 after buying an additional 1,887 shares during the period. Zions Bancorporation N.A. increased its stake in shares of iShares MSCI Europe Financials ETF by 32.3% in the 1st quarter. Zions Bancorporation N.A. now owns 3,533 shares of the company’s stock valued at $66,000 after buying an additional 863 shares during the period. North Star Investment Management Corp. acquired a new stake in shares of iShares MSCI Europe Financials ETF in the 3rd quarter valued at $52,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of iShares MSCI Europe Financials ETF by 20.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,054 shares of the company’s stock valued at $71,000 after buying an additional 685 shares during the period.

iShares MSCI Europe Financials ETF Company Profile

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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.