iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Reaches New 52-Week High – Here’s Why

iShares MSCI Europe Financials ETF (NASDAQ:EUFN)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $26.88 and last traded at $26.89, with a volume of 454 shares changing hands. The stock had previously closed at $26.51.

iShares MSCI Europe Financials ETF Trading Up 0.6 %

The stock has a market cap of $2.11 billion, a P/E ratio of 11.90 and a beta of 1.07. The stock’s 50-day moving average is $24.51 and its 200-day moving average is $24.10.

iShares MSCI Europe Financials ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were issued a $0.4752 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Park Avenue Securities LLC bought a new stake in shares of iShares MSCI Europe Financials ETF during the 4th quarter worth $732,000. FMR LLC boosted its position in shares of iShares MSCI Europe Financials ETF by 11.6% in the 3rd quarter. FMR LLC now owns 49,039 shares of the company’s stock valued at $1,213,000 after purchasing an additional 5,104 shares during the period. HighTower Advisors LLC increased its stake in iShares MSCI Europe Financials ETF by 3.0% in the 3rd quarter. HighTower Advisors LLC now owns 105,769 shares of the company’s stock worth $2,613,000 after purchasing an additional 3,050 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in iShares MSCI Europe Financials ETF by 1.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,390,657 shares of the company’s stock worth $256,961,000 after buying an additional 109,153 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in iShares MSCI Europe Financials ETF by 2,373.1% during the third quarter. International Assets Investment Management LLC now owns 11,129 shares of the company’s stock valued at $275,000 after buying an additional 10,679 shares in the last quarter.

About iShares MSCI Europe Financials ETF

iShares MSCI Europe Financials ETF, formerly iShares MSCI Europe Financials Sector Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the MSCI Europe Financials Index (the Index). The Index is a free float-adjusted market capitalization weighted index designed to measure the combined equity market performance of the financials sector of developed market countries in Europe.