Envestnet Asset Management Inc. Grows Position in iShares MSCI Europe Financials ETF (NASDAQ:EUFN)

Envestnet Asset Management Inc. grew its position in shares of iShares MSCI Europe Financials ETF (NASDAQ:EUFN) by 265.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 2,072,964 shares of the company’s stock after buying an additional 1,506,270 shares during the period. Envestnet Asset Management Inc.’s holdings in iShares MSCI Europe Financials ETF were worth $59,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Webster Bank N. A. acquired a new stake in iShares MSCI Europe Financials ETF during the first quarter valued at $31,000. O Shaughnessy Asset Management LLC boosted its stake in shares of iShares MSCI Europe Financials ETF by 34.5% during the 4th 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 in the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of iShares MSCI Europe Financials ETF during the 4th quarter valued at about $42,000. PNC Financial Services Group Inc. increased its stake in shares of iShares MSCI Europe Financials ETF by 50.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,932 shares of the company’s stock valued at $45,000 after purchasing an additional 644 shares in the last quarter. Finally, Garde Capital Inc. acquired a new position in iShares MSCI Europe Financials ETF in the 1st quarter worth about $48,000.

iShares MSCI Europe Financials ETF Trading Down 1.4%

Shares of EUFN stock opened at $31.79 on Friday. iShares MSCI Europe Financials ETF has a 12-month low of $21.04 and a 12-month high of $32.57. The business’s 50 day moving average is $31.43 and its two-hundred day moving average is $28.34. The company has a market capitalization of $3.97 billion, a P/E ratio of 11.10 and a beta of 1.07.

iShares MSCI Europe Financials ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, June 20th. Investors of record on Monday, June 16th were paid a $0.8094 dividend. The ex-dividend date of this dividend was Monday, June 16th. This is a boost from iShares MSCI Europe Financials ETF’s previous dividend of $0.48.

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.