Select STOXX Europe Aerospace & Defense ETF (BATS:EUAD) Shares Up 1.3% – Should You Buy?

Select STOXX Europe Aerospace & Defense ETF (BATS:EUAD)’s share price rose 1.3% on Monday . The company traded as high as $44.10 and last traded at $43.51. 182,083 shares traded hands during trading, a decline of 65% from the average session volume of 521,613 shares. The stock had previously closed at $42.97.

Select STOXX Europe Aerospace & Defense ETF Trading Down 0.7%

The firm has a 50-day moving average of $41.77 and a two-hundred day moving average of $43.14. The firm has a market cap of $1.02 billion and a price-to-earnings ratio of 38.44.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its stake in shares of Select STOXX Europe Aerospace & Defense ETF by 14.9% in the first 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 in the last quarter. Parallel Advisors LLC raised its position in 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 worth $129,000 after purchasing an additional 430 shares in the last quarter. PeakShares LLC bought a new position in Select STOXX Europe Aerospace & Defense ETF during the first quarter worth about $132,000. Ethos Financial Group LLC grew its stake in shares of Select STOXX Europe Aerospace & Defense ETF by 9.5% in 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. Finally, Roxbury Financial LLC bought a new position in shares of Select STOXX Europe Aerospace & Defense ETF during the 1st quarter worth 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.