Select STOXX Europe Aerospace & Defense ETF (BATS:EUAD) Stock Price Up 28.7% – Here’s Why

Select STOXX Europe Aerospace & Defense ETF (BATS:EUAD)’s stock price rose 28.7% on Tuesday . The stock traded as high as $26.68 and last traded at $34.21. Approximately 3,786 shares were traded during trading, a decline of 99% from the average daily volume of 279,536 shares. The stock had previously closed at $26.58.

Select STOXX Europe Aerospace & Defense ETF Stock Performance

The company’s 50 day simple moving average is $31.89.

Institutional Trading of Select STOXX Europe Aerospace & Defense ETF

An institutional investor recently bought a new position in Select STOXX Europe Aerospace & Defense ETF stock. Magnolia Capital Management Ltd. purchased a new stake in Select STOXX Europe Aerospace & Defense ETF (BATS:EUAD) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 7,235 shares of the company’s stock, valued at approximately $243,000. Magnolia Capital Management Ltd. owned 0.05% of Select STOXX Europe Aerospace & Defense ETF as of its most recent filing with the SEC.

About Select STOXX Europe Aerospace & Defense ETF

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.