Select STOXX Europe Aerospace & Defense ETF (BATS:EUAD) Stock Price Down 0.1% – What’s Next?

Select STOXX Europe Aerospace & Defense ETF (BATS:EUAD) shares dropped 0.1% during trading on Wednesday . The stock traded as low as $46.20 and last traded at $46.63. Approximately 617,562 shares changed hands during mid-day trading, a decline of 16% from the average daily volume of 733,285 shares. The stock had previously closed at $46.70.

Select STOXX Europe Aerospace & Defense ETF Price Performance

The company’s 50-day moving average is $45.48 and its 200-day moving average is $44.06. The firm has a market capitalization of $1.08 billion and a price-to-earnings ratio of 38.44.

Institutional Investors Weigh In On Select STOXX Europe Aerospace & Defense ETF

Several hedge funds have recently modified their holdings of EUAD. Marshall Wace LLP increased its position 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 worth $5,631,000 after acquiring an additional 32,137 shares during the last quarter. Loomis Sayles & Co. L P increased its holdings in Select STOXX Europe Aerospace & Defense ETF by 109.8% during the 4th quarter. Loomis Sayles & Co. L P now owns 117,200 shares of the company’s stock worth $4,938,000 after purchasing an additional 61,350 shares during the last quarter. Ethos Financial Group LLC raised its position in shares of Select STOXX Europe Aerospace & Defense ETF by 4.8% in the 4th quarter. Ethos Financial Group LLC now owns 112,030 shares of the company’s stock valued at $4,720,000 after purchasing an additional 5,140 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Select STOXX Europe Aerospace & Defense ETF in the 3rd quarter valued at approximately $3,480,000. Finally, Financial Security Advisor Inc. boosted its stake in shares of Select STOXX Europe Aerospace & Defense ETF by 85.6% during the 4th quarter. Financial Security Advisor Inc. now owns 16,980 shares of the company’s stock valued at $715,000 after buying an additional 7,830 shares during the last quarter.

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.