iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Hits New 52-Week High – Here’s What Happened

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $40.52 and last traded at $40.10, with a volume of 2085461 shares traded. The stock had previously closed at $40.50.

iShares MSCI Europe Financials ETF Trading Down 1.0%

The business has a 50 day simple moving average of $38.27 and a two-hundred day simple moving average of $37.29. The stock has a market cap of $3.80 billion, a price-to-earnings ratio of 11.10 and a beta of 0.78.

iShares MSCI Europe Financials ETF Announces Dividend

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

Institutional Investors Weigh In On iShares MSCI Europe Financials ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Triumph Capital Management bought a new position in shares of iShares MSCI Europe Financials ETF during the third quarter worth about $31,000. Larson Financial Group LLC increased its stake 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 purchasing an additional 394 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings 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 worth $32,000 after purchasing an additional 519 shares during the period. Arax Advisory Partners bought a new position in shares of iShares MSCI Europe Financials ETF in the 4th quarter worth about $32,000. Finally, Cassaday & Co Wealth Management LLC acquired a new position in shares of iShares MSCI Europe Financials ETF in the 1st quarter valued at about $34,000.

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.