Select STOXX Europe Aerospace & Defense ETF (BATS:EUAD) Shares Down 2.1% – Here’s Why

Select STOXX Europe Aerospace & Defense ETF (BATS:EUAD) shares fell 2.1% on Wednesday . The company traded as low as $42.52 and last traded at $42.62. Approximately 84,338 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 451,013 shares. The stock had previously closed at $43.52.

Select STOXX Europe Aerospace & Defense ETF Stock Up 1.0%

The stock has a fifty day moving average of $44.56 and a two-hundred day moving average of $42.94. The stock has a market cap of $990.10 million and a price-to-earnings ratio of 38.44.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EUAD. BNP Paribas Financial Markets bought a new position in Select STOXX Europe Aerospace & Defense ETF during the 3rd quarter worth $3,480,000. Loomis Sayles & Co. L P lifted its stake in Select STOXX Europe Aerospace & Defense ETF by 109.8% in the fourth quarter. Loomis Sayles & Co. L P now owns 117,200 shares of the company’s stock valued at $4,938,000 after buying an additional 61,350 shares during the last quarter. Marshall Wace LLP boosted its holdings 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. Janney Montgomery Scott LLC grew its position in shares of Select STOXX Europe Aerospace & Defense ETF by 14.9% during the first quarter. Janney Montgomery Scott LLC now owns 103,120 shares of the company’s stock worth $4,201,000 after acquiring an additional 13,409 shares during the last quarter. Finally, Ethos Financial Group LLC grew its position in shares of Select STOXX Europe Aerospace & Defense ETF by 9.5% during the first quarter. Ethos Financial Group LLC now owns 122,710 shares of the company’s stock worth $4,999,000 after acquiring an additional 10,680 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.