Cambridge Investment Research Advisors Inc. Invests $974,000 in iShares MSCI Europe Financials ETF (NASDAQ:EUFN)

Cambridge Investment Research Advisors Inc. purchased a new stake in shares of iShares MSCI Europe Financials ETF (NASDAQ:EUFN) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 34,189 shares of the company’s stock, valued at approximately $974,000.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of iShares MSCI Europe Financials ETF in the 4th quarter valued at $5,803,000. North Star Investment Management Corp. raised its position in iShares MSCI Europe Financials ETF by 3,284.6% in the first quarter. North Star Investment Management Corp. now owns 146,653 shares of the company’s stock valued at $4,178,000 after purchasing an additional 142,320 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of iShares MSCI Europe Financials ETF by 166.2% during the first quarter. Janney Montgomery Scott LLC now owns 175,419 shares of the company’s stock worth $4,998,000 after purchasing an additional 109,523 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in shares of iShares MSCI Europe Financials ETF during the first quarter worth about $1,372,000. Finally, GAMMA Investing LLC boosted its position in shares of iShares MSCI Europe Financials ETF by 2,708.9% in the first quarter. GAMMA Investing LLC now owns 49,801 shares of the company’s stock worth $1,419,000 after buying an additional 48,028 shares during the period.

iShares MSCI Europe Financials ETF Stock Performance

EUFN stock opened at $31.60 on Friday. The firm has a market cap of $3.95 billion, a P/E ratio of 11.10 and a beta of 1.07. iShares MSCI Europe Financials ETF has a 1 year low of $21.04 and a 1 year high of $32.35. The stock has a 50-day simple moving average of $31.22 and a 200-day simple moving average of $28.06.

iShares MSCI Europe Financials ETF Increases Dividend

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

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.