Select STOXX Europe Aerospace & Defense ETF (BATS:EUAD) Stock Price Down 2.8% – Should You Sell?

Select STOXX Europe Aerospace & Defense ETF (BATS:EUAD)’s share price dropped 2.8% during trading on Friday . The company traded as low as $43.25 and last traded at $43.36. Approximately 503,739 shares changed hands during mid-day trading, a decline of 24% from the average daily volume of 665,749 shares. The stock had previously closed at $44.60.

Select STOXX Europe Aerospace & Defense ETF Price Performance

The company has a market cap of $1.00 billion and a price-to-earnings ratio of 38.44. The business has a 50 day simple moving average of $44.11 and a 200 day simple moving average of $44.10.

Hedge Funds Weigh In On Select STOXX Europe Aerospace & Defense ETF

Several large investors have recently made changes to their positions in EUAD. Marshall Wace LLP lifted its stake in shares of Select STOXX Europe Aerospace & Defense ETF by 32.7% during the second quarter. Marshall Wace LLP now owns 130,496 shares of the company’s stock valued at $5,631,000 after acquiring an additional 32,137 shares during the period. Dearborn Partners LLC acquired a new position in shares of Select STOXX Europe Aerospace & Defense ETF during the second quarter valued at $235,000. Captrust Financial Advisors acquired a new position in shares of Select STOXX Europe Aerospace & Defense ETF during the second quarter valued at $347,000. Farther Finance Advisors LLC lifted its stake in shares of Select STOXX Europe Aerospace & Defense ETF by 82.8% during the third quarter. Farther Finance Advisors LLC now owns 1,258 shares of the company’s stock valued at $59,000 after acquiring an additional 570 shares during the period. Finally, Nvwm LLC acquired a new position in shares of Select STOXX Europe Aerospace & Defense ETF during the third quarter valued at $729,000.

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.