Select STOXX Europe Aerospace & Defense ETF (BATS:EUAD) Stock Price Crosses Below Fifty Day Moving Average – Should You Sell?

Select STOXX Europe Aerospace & Defense ETF (BATS:EUAD) shares passed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $41.26 and traded as low as $40.20. Select STOXX Europe Aerospace & Defense ETF shares last traded at $40.69, with a volume of 113,652 shares.

Select STOXX Europe Aerospace & Defense ETF Stock Down 1.5%

The stock has a market capitalization of $957.44 million, a P/E ratio of 26.14 and a beta of 0.46. The business’s 50 day simple moving average is $41.26 and its two-hundred day simple moving average is $42.80.

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

A number of hedge funds have recently added to or reduced their stakes in EUAD. Ethos Financial Group LLC raised its stake in shares of Select STOXX Europe Aerospace & Defense ETF by 9.5% in the first quarter. Ethos Financial Group LLC now owns 122,710 shares of the company’s stock worth $4,999,000 after purchasing an additional 10,680 shares during the last quarter. Stillwater Private Wealth LLC purchased a new position in shares of Select STOXX Europe Aerospace & Defense ETF during the first quarter valued at approximately $335,000. PeakShares LLC purchased a new position in shares of Select STOXX Europe Aerospace & Defense ETF during the first quarter valued at approximately $132,000. Parallel Advisors LLC grew its holdings in Select STOXX Europe Aerospace & Defense ETF by 15.7% during the first quarter. Parallel Advisors LLC now owns 3,174 shares of the company’s stock worth $129,000 after buying an additional 430 shares in the last quarter. Finally, Continuum Advisory LLC purchased a new stake in Select STOXX Europe Aerospace & Defense ETF in the 2nd quarter valued at $53,000.

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.