Mercer Global Advisors Inc. ADV Lowers Stake in iShares MSCI Europe Financials ETF (NASDAQ:EUFN)

Mercer Global Advisors Inc. ADV lowered its stake in shares of iShares MSCI Europe Financials ETF (NASDAQ:EUFN) by 75.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,105 shares of the company’s stock after selling 30,666 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in iShares MSCI Europe Financials ETF were worth $235,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in EUFN. Raymond James Financial Inc. purchased a new stake in shares of iShares MSCI Europe Financials ETF during the 4th quarter valued at $5,803,000. JPMorgan Chase & Co. raised its position in iShares MSCI Europe Financials ETF by 1.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,390,657 shares of the company’s stock worth $256,961,000 after purchasing an additional 109,153 shares during the period. RiverFront Investment Group LLC raised its position in iShares MSCI Europe Financials ETF by 7.6% in the 4th quarter. RiverFront Investment Group LLC now owns 526,298 shares of the company’s stock worth $12,263,000 after purchasing an additional 37,065 shares during the period. Park Avenue Securities LLC purchased a new position in iShares MSCI Europe Financials ETF in the 4th quarter worth $732,000. Finally, Hsbc Holdings PLC purchased a new position in iShares MSCI Europe Financials ETF in the 4th quarter worth $488,000.

iShares MSCI Europe Financials ETF Stock Up 0.2%

Shares of NASDAQ:EUFN opened at $31.26 on Friday. The stock has a market cap of $3.31 billion, a PE ratio of 11.48 and a beta of 1.07. The company’s fifty day moving average is $28.88 and its 200 day moving average is $26.20. iShares MSCI Europe Financials ETF has a 52 week low of $21.04 and a 52 week high of $31.29.

iShares MSCI Europe Financials ETF 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.