iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Reaches New 1-Year High – Should You Buy?

iShares MSCI Europe Financials ETF (NASDAQ:EUFN)’s stock price reached a new 52-week high on Thursday . The company traded as high as $40.00 and last traded at $40.00, with a volume of 62452 shares traded. The stock had previously closed at $39.07.

iShares MSCI Europe Financials ETF Stock Up 2.3%

The business’s 50-day simple moving average is $38.08 and its 200 day simple moving average is $37.18. The firm has a market capitalization of $3.83 billion, a P/E ratio of 11.10 and a beta of 0.78.

iShares MSCI Europe Financials ETF Announces Dividend

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

Hedge Funds Weigh In On iShares MSCI Europe Financials ETF

Several institutional investors and hedge funds have recently made changes to their positions in EUFN. Triumph Capital Management purchased a new position in iShares MSCI Europe Financials ETF in the 3rd quarter worth $31,000. Larson Financial Group LLC boosted its position in iShares MSCI Europe Financials ETF by 85.5% during the fourth quarter. Larson Financial Group LLC now owns 855 shares of the company’s stock valued at $32,000 after buying an additional 394 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of iShares MSCI Europe Financials ETF by 130.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 918 shares of the company’s stock valued at $32,000 after buying an additional 519 shares during the last quarter. Arax Advisory Partners bought a new position in shares of iShares MSCI Europe Financials ETF during the fourth quarter valued at about $32,000. Finally, Cassaday & Co Wealth Management LLC purchased a new position in shares of iShares MSCI Europe Financials ETF in the first quarter worth about $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.