iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Sets New 1-Year High – Still a Buy?

iShares MSCI Europe Financials ETF (NASDAQ:EUFN)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $31.34 and last traded at $30.58, with a volume of 2363 shares changing hands. The stock had previously closed at $30.77.

iShares MSCI Europe Financials ETF Trading Up 0.2%

The business’s fifty day moving average price is $28.72 and its 200 day moving average price is $26.07. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 11.48 and a beta of 1.07.

Institutional Trading of iShares MSCI Europe Financials ETF

Several hedge funds have recently made changes to their positions in EUFN. O Shaughnessy Asset Management LLC increased its stake in shares of iShares MSCI Europe Financials ETF by 34.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,727 shares of the company’s stock worth $40,000 after acquiring an additional 443 shares during the period. Rockefeller Capital Management L.P. increased its stake in shares of iShares MSCI Europe Financials ETF by 2.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 22,222 shares of the company’s stock worth $518,000 after acquiring an additional 512 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of iShares MSCI Europe Financials ETF by 3.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 17,714 shares of the company’s stock worth $413,000 after acquiring an additional 628 shares during the period. PNC Financial Services Group Inc. grew its position in iShares MSCI Europe Financials ETF by 50.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,932 shares of the company’s stock worth $45,000 after buying an additional 644 shares during the period. Finally, Private Advisor Group LLC grew its position in iShares MSCI Europe Financials ETF by 6.6% during the first quarter. Private Advisor Group LLC now owns 10,487 shares of the company’s stock worth $299,000 after buying an additional 648 shares during the period.

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.