iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Hits New 1-Year High – Here’s Why

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) shares reached a new 52-week high on Monday . The company traded as high as $42.00 and last traded at $42.00, with a volume of 1313 shares changing hands. The stock had previously closed at $41.68.

iShares MSCI Europe Financials ETF Stock Performance

The firm has a fifty day simple moving average of $39.38 and a 200-day simple moving average of $37.77. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 11.10 and a beta of 0.78.

iShares MSCI Europe Financials ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a $1.1368 dividend. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Trading of iShares MSCI Europe Financials ETF

Hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp boosted its holdings in shares of iShares MSCI Europe Financials ETF by 127.2% during the 1st quarter. Jones Financial Companies Lllp now owns 5,567 shares of the company’s stock worth $159,000 after buying an additional 3,117 shares during the period. Goldman Sachs Group Inc. raised its holdings in iShares MSCI Europe Financials ETF by 34.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 471,152 shares of the company’s stock valued at $13,423,000 after acquiring an additional 119,448 shares during the period. Empowered Funds LLC bought a new position in iShares MSCI Europe Financials ETF in the 1st quarter valued at about $1,542,000. Baird Financial Group Inc. lifted its position in iShares MSCI Europe Financials ETF by 2.2% during the second quarter. Baird Financial Group Inc. now owns 44,359 shares of the company’s stock worth $1,403,000 after acquiring an additional 955 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its position in iShares MSCI Europe Financials ETF by 23,355.2% during the second quarter. Qube Research & Technologies Ltd now owns 237,367 shares of the company’s stock worth $7,508,000 after acquiring an additional 236,355 shares during 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. Component securities include those of banks, diversified financial companies, insurance companies and real estate companies.