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

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $42.79 and last traded at $42.79, with a volume of 22173 shares changing hands. The stock had previously closed at $42.62.

iShares MSCI Europe Financials ETF Stock Performance

The stock has a fifty day simple moving average of $40.63 and a two-hundred day simple moving average of $38.23. The stock has a market capitalization of $4.32 billion, a price-to-earnings ratio of 11.10 and a beta of 0.78.

iShares MSCI Europe Financials ETF Dividend Announcement

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

Institutional Investors Weigh In On iShares MSCI Europe Financials ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Triumph Capital Management acquired a new position in iShares MSCI Europe Financials ETF in the third quarter valued at approximately $31,000. Larson Financial Group LLC boosted its holdings in shares of iShares MSCI Europe Financials ETF by 85.5% during the 4th quarter. Larson Financial Group LLC now owns 855 shares of the company’s stock worth $32,000 after buying an additional 394 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of iShares MSCI Europe Financials ETF by 130.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 918 shares of the company’s stock worth $32,000 after buying an additional 519 shares during the period. Arax Advisory Partners acquired a new stake in shares of iShares MSCI Europe Financials ETF during the 4th quarter worth approximately $32,000. Finally, Cassaday & Co Wealth Management LLC bought a new stake in shares of iShares MSCI Europe Financials ETF in the 1st quarter valued at $34,000.

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.