iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Hits New 1-Year High – Here’s Why

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) reached a new 52-week high on Thursday . The stock traded as high as $42.87 and last traded at $42.9010, with a volume of 26853 shares changing hands. The stock had previously closed at $42.24.

iShares MSCI Europe Financials ETF Stock Up 1.4%

The company has a fifty day simple moving average of $41.06 and a 200-day simple moving average of $38.41. The firm has a market cap of $4.33 billion, a P/E ratio of 11.10 and a beta of 0.78.

iShares MSCI Europe Financials ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid 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 institutional investors and hedge funds have recently added to or reduced their stakes in EUFN. Fisher Asset Management LLC increased its stake in shares of iShares MSCI Europe Financials ETF by 3.0% in the fourth quarter. Fisher Asset Management LLC now owns 37,017,326 shares of the company’s stock worth $1,372,973,000 after purchasing an additional 1,084,716 shares in the last quarter. Bank of Nova Scotia purchased a new stake in iShares MSCI Europe Financials ETF in the 1st quarter worth $1,081,000. Bessemer Group Inc. bought a new stake in iShares MSCI Europe Financials ETF during the first quarter valued at about $763,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of iShares MSCI Europe Financials ETF by 67,377.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,040,525 shares of the company’s stock valued at $112,773,000 after acquiring an additional 3,036,019 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in shares of iShares MSCI Europe Financials ETF in the second quarter valued at about $2,167,000.

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.