Select STOXX Europe Aerospace & Defense ETF (BATS:EUAD) Trading Up 2.2% – What’s Next?

Select STOXX Europe Aerospace & Defense ETF (BATS:EUAD)’s share price was up 2.2% during mid-day trading on Tuesday . The stock traded as high as $41.38 and last traded at $40.96. Approximately 286,758 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 628,803 shares. The stock had previously closed at $40.07.

Select STOXX Europe Aerospace & Defense ETF Stock Up 2.2%

The company has a 50 day moving average price of $41.42 and a 200-day moving average price of $43.21. The company has a market cap of $945.77 million and a price-to-earnings ratio of 38.44.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC increased its stake in shares of Select STOXX Europe Aerospace & Defense ETF by 15.7% in the first quarter. Parallel Advisors LLC now owns 3,174 shares of the company’s stock valued at $129,000 after buying an additional 430 shares during the period. PeakShares LLC acquired a new stake in Select STOXX Europe Aerospace & Defense ETF during the 1st quarter valued at approximately $132,000. Ethos Financial Group LLC increased its position in Select STOXX Europe Aerospace & Defense ETF by 9.5% during the 1st quarter. Ethos Financial Group LLC now owns 122,710 shares of the company’s stock valued at $4,999,000 after purchasing an additional 10,680 shares during the period. Janney Montgomery Scott LLC increased its position in Select STOXX Europe Aerospace & Defense ETF by 14.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 103,120 shares of the company’s stock valued at $4,201,000 after purchasing an additional 13,409 shares during the period. Finally, Roxbury Financial LLC acquired a new stake in Select STOXX Europe Aerospace & Defense ETF during the 1st quarter valued at approximately $27,000.

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.