iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Sets New 12-Month High – Time to Buy?

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) shares hit a new 52-week high on Wednesday . The stock traded as high as $40.52 and last traded at $40.10, with a volume of 2085461 shares trading hands. The stock had previously closed at $40.50.

iShares MSCI Europe Financials ETF Stock Performance

The company’s fifty day moving average price is $38.36 and its 200-day moving average price is $37.34. The stock has a market cap of $3.77 billion, a P/E ratio of 11.10 and a beta of 0.78.

iShares MSCI Europe Financials ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a dividend of $1.1368 per share. The ex-dividend date was Monday, June 15th.

Institutional Trading of iShares MSCI Europe Financials ETF

Institutional investors have recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its holdings in shares of iShares MSCI Europe Financials ETF by 3.0% in the fourth quarter. Fisher Asset Management LLC now owns 37,017,326 shares of the company’s stock worth $1,372,973,000 after buying an additional 1,084,716 shares during the period. JPMorgan Chase & Co. boosted its holdings in iShares MSCI Europe Financials ETF by 7.3% during the 4th quarter. JPMorgan Chase & Co. now owns 7,269,370 shares of the company’s stock valued at $269,621,000 after acquiring an additional 492,826 shares during the period. Morgan Stanley grew its position in iShares MSCI Europe Financials ETF by 0.9% in the 4th quarter. Morgan Stanley now owns 5,452,627 shares of the company’s stock valued at $202,238,000 after acquiring an additional 46,774 shares during the last quarter. 1607 Capital Partners LLC grew its position in iShares MSCI Europe Financials ETF by 32.0% in the 4th quarter. 1607 Capital Partners LLC now owns 3,805,027 shares of the company’s stock valued at $141,128,000 after acquiring an additional 921,396 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in iShares MSCI Europe Financials ETF by 67,377.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,040,525 shares of the company’s stock worth $112,773,000 after purchasing an additional 3,036,019 shares during the period.

iShares MSCI Europe Financials ETF Company Profile

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. Component securities include those of banks, diversified financial companies, insurance companies and real estate companies.