iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Hits New 12-Month High – Should You Buy?

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) reached a new 52-week high during trading on Monday . The company traded as high as $31.50 and last traded at $31.54, with a volume of 67694 shares traded. The stock had previously closed at $31.26.

iShares MSCI Europe Financials ETF Price Performance

The business’s 50-day moving average price is $28.88 and its 200 day moving average price is $26.23. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 11.62 and a beta of 0.95.

Institutional Trading of iShares MSCI Europe Financials ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Webster Bank N. A. bought a new stake in shares of iShares MSCI Europe Financials ETF in the first quarter worth $31,000. O Shaughnessy Asset Management LLC increased its stake in 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 valued at $40,000 after purchasing an additional 443 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in iShares MSCI Europe Financials ETF during the fourth quarter valued at $42,000. SouthState Corp bought a new position in shares of iShares MSCI Europe Financials ETF during the first quarter worth about $43,000. Finally, PNC Financial Services Group Inc. grew its position in shares of 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 acquiring an additional 644 shares during the last quarter.

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.